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An investment project provides cash flows of $ 6 , 5 0 0 per year for 1 0 years. If the initial cost is $

An investment project provides cash flows of $6,500 per year for 10 years. If the initial cost is $30,000, what is the payback period?
3.7 years
4.9 years
4.8 years
4.6 years
Never
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