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Question 8 (CHAPTER 9) Calculate the payback time for a $14,000 investment that returns $4,000 every year for 22 years. The rate of return for

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Question 8 (CHAPTER 9) Calculate the payback time for a $14,000 investment that returns $4,000 every year for 22 years. The rate of return for similar projects is 7% annually. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10.23

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