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Evaluate a 4-year project costing $25,000 and returning $8000 annually using the payback period technique and a 3-year cutoff. Please explain in detail how to

Evaluate a 4-year project costing $25,000 and returning $8000 annually using the payback period technique and a 3-year cutoff. Please explain in detail how to solve, I'm very new to this problem.

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