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A project with an initial cost of $24,100 is expected to generate cash flows of $5,700, $7,800, $8,650, $7,550, and $6,500 over each of the
A project with an initial cost of $24,100 is expected to generate cash flows of $5,700, $7,800, $8,650, $7,550, and $6,500 over each of the next five years, respectively. What is the project's payback period? O 3.26 years O 3.77 years 4.49 years O 5.00 years 469 years
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