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Elf Inc. has the following four year project: initial cost is $14,000; annual cash inflows are $3,550, $4,970, $3,480, and $4,000 respectively. Calculate the

Elf Inc. has the following four year project: initial cost is $14,000; annual cash inflows are $3,550, $4,970, $3,480, and $4,000 respectively. Calculate the payback period.

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