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An investment project requires an initial investment of ( $ 220,000 ). The project is expected to generate net cash inflows of ( $ 46,000
An investment project requires an initial investment of \\( \\$ 220,000 \\). The project is expected to generate net cash inflows of \\( \\$ 46,000 \\) per year for the next five years. These cash inflows occur evenly throughout the year. Assuming a \12 discount rate, the project's payback period is? (Ignore income taxes) A. 4.78 years B. 0.21 years C. 3.61 years D. 4.21 years
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