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A project under consideration will generate cash flows of $14000 per year for the next 13 years.The payback period is 4.25 years.The firm's cost of

A project under consideration will generate cash flows of $14000 per year for the next 13 years.The payback period is 4.25 years.The firm's cost of capital is 15%.What is the initial investment required for this project?

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