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An investment project costs $21,500 and has annual cash flows of $4,500 for 6 years. What is the payback period? 4.78 years 6 years never

An investment project costs $21,500 and has annual cash flows of $4,500 for 6 years. What is the payback period?

4.78 years

6 years

never

3.57 years

4.12 years

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