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An investment project provides cash flows of $640 per year for 8 years. a) What is the payback if the initial outlay is $2,700? b)

An investment project provides cash flows of $640 per year for 8 years. a) What is the payback if the initial outlay is $2,700? b) What if the initial outlay is $3,900? c) Will the initial outlay be recovered before the end of the project if it is $6,800?

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