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Calculate the Payback Period for a project that costs $5,000 to initiate and has positive cashflows of $2,000, $1,000, $1,500, and $5,000 in years 1

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Calculate the Payback Period for a project that costs $5,000 to initiate and has positive cashflows of $2,000, $1,000, $1,500, and $5,000 in years 1 thru 4. O4.1 years O 4 years 033 years O 3.1 years

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