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An investment that costs $52,000, is expected to generate $13,000 net cash flows per year for 5 years, and the cost of capital is 8%.

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An investment that costs $52,000, is expected to generate $13,000 net cash flows per year for 5 years, and the cost of capital is 8%. What is the Payback period? a. 5 years b. 13 years c. 4 years d. None

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