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A project with an initial cost of $30,400 is expected to generate cash flows of $7,500, $9,600, $9,550, $8,450, and $8,300 over each of the

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A project with an initial cost of $30,400 is expected to generate cash flows of $7,500, $9,600, $9,550, $8,450, and $8,300 over each of the next five years, respectively. What is the project's payback period

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