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Sterling Corporation has borrowed $33,000 that must be repaid in two years. This $33,000 is to be invested in an eight-year project with an estimated

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Sterling Corporation has borrowed $33,000 that must be repaid in two years. This $33,000 is to be invested in an eight-year project with an estimated annual net cash flow of $11,000. The payback period for this investment is: Multiple Choice Two years Three years Indeterminable with the given information Eight years

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