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Check My Work (No more tries available) ELE eBook Payback A project has an initial cost of $65,000, expected net cash inflows of $11,000 per

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Check My Work (No more tries available) ELE eBook Payback A project has an initial cost of $65,000, expected net cash inflows of $11,000 per year for 8 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places. 6.64 years Check My Work (No more tries available)

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