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Pay Back Method What is the payback period for the following project? Year Inflow/(Outflow) ($38,000) $ 8,000 $ 9,000 $ 12,000 $ 7,000 $ 8,000

Pay Back Method

What is the payback period for the following project?

Year Inflow/(Outflow)

($38,000)

$ 8,000

$ 9,000

$ 12,000

$ 7,000

$ 8,000

$ 5,000

7 $ 3,000

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