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A project with an initial cost of $24,450 is expected to generate cash flows of $5,800, $7,900, $8,700, $7,600, and $6,600 over each of the

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A project with an initial cost of $24,450 is expected to generate cash flows of $5,800, $7,900, $8,700, $7,600, and $6,600 over each of the next five years, respectively. What is the project's payback period? Multiple Choice O 3.47 years O 3.76 years 363 years O 3.27 years

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