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A project that requires an upfront investment of $45,000 anticipates annual cash inflows of $7,500 and outflows of $2,500. The company's required return is

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A project that requires an upfront investment of $45,000 anticipates annual cash inflows of $7,500 and outflows of $2,500. The company's required return is 12%. What is the payback period? 4.5 years 6 years 1 year 9 years

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