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Posted on Aug 08, 2024

project costs $ 1 7 8 , 7 1 7 today. It is expected to generate cash flows of $ 7 7 , 7 0

project costs $

178, 717

today. It is expected to generate cash flows of $

77, 706

each year for

10

years. What is the payback period for this project? Round your answer to two decimal plaCes.

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