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A project with an initial cost of $26,550 is expected to generate cash flows of $6,400, $8,500, $9,000, $7,900, and $7,200 over each of the
A project with an initial cost of $26,550 is expected to generate cash flows of $6,400, $8,500, $9,000, $7,900, and $7,200 over each of the next five years, respectively. What is the project's payback period?
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