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An airport plans to invest 50m into a construction project, but it faces uneven cash flows in the following years. From Year 1 to Year

An airport plans to invest 50m into a construction project, but it faces uneven cash flows in the following years. From Year 1 to Year 5, it is estimated that the annual cash inflows are 20m, 15m, 23m, 40m, and 35m, respectively, while the annual costs are 10m, 2m, 7m, 21m, and 13m, respectively. If the discount rate is 8% per year, and the time value of money is considered, how many years will the project take to pay back the original investment? The numbers shall keep two decimals in this assignment. (5%)

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