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An eight-year project costs $475 and has cash flows of $100 for the first three years and $75 in each of the project's remaining five
An eight-year project costs $475 and has cash flows of $100 for the first three years and $75 in each of the project's remaining five years. What is the payback period of the project?
| 5 yrs | ||
| 5.33 yrs | ||
| 6 yrs | ||
| 6.33 yrs | ||
| There is no payback |
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