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Please show the steps and explain, thank you! A project with an initial cost of $23,750 is expected to generate cash flows of $5,600,$7,700,$8,600,$7,500, and

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A project with an initial cost of $23,750 is expected to generate cash flows of $5,600,$7,700,$8,600,$7,500, and $6,400 over each of the next five years, respectively. What is the project's payback period

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