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An investment project provides cash flows of $1,562 per year for 10 years. If the initial cost is $8,720, what is the payback period? 5.28

An investment project provides cash flows of $1,562 per year for 10 years. If the initial cost is $8,720, what is the payback period? 5.28 years 7.36 years Never 8.13 years 5.58 years

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