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PLEASE ANS ASAP 17- A project has an initial cost of $6,900. The cash inflows are $850, $2,400, $3,100, and $6,100 over the next four

PLEASE ANS ASAP

17-

A project has an initial cost of $6,900. The cash inflows are $850, $2,400, $3,100, and $6,100 over the next four years, respectively. What is the payback period?

Multiple Choice

  • 3.63 years

  • 2.81 years

  • 3.13 years

  • 3.09 years

  • 3.94 years

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