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Determine the cash payback period for the following project: - Initial Investment - $250,000 - Annual net cashflows of $20,000 in year one, after which

Determine the cash payback period for the following project: - Initial Investment - $250,000 - Annual net cashflows of $20,000 in year one, after which the annual cash flows will grow by 40% each year for the next 3 years then level off until the end of the project in year 10."

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