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(Ignore income taxes in this problem.) Dumora Corporation is considering an investment project that will require an initial investment of $9.400 and will generate the

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(Ignore income taxes in this problem.) Dumora Corporation is considering an investment project that will require an initial investment of $9.400 and will generate the following net cash inflows in each of the me years of its useful life: Year 1 Year 2 Net cash inflows..... $1,000 $2,000 Year 3 $4,000 Year 4 $6,000 Year 5 $5,000 Dumora's discount rate is 16% 104. Dumora's payback period for this investment project is closest to: A. 1.91 years B. 2.61 years C. 2.89 years D. 3.40 years

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