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Sterling Corporation has borrowed $72,000 that must be repaid in three years. This $72,000 is to be invested in an nine-year project with an estimated

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Sterling Corporation has borrowed $72,000 that must be repaid in three years. This $72,000 is to be invested in an nine-year project with an estimated annual net cash flow of $12,000. The payback period for this investment is: Multiple Choice Indeterminable with the given information. Three years Nine years Six years

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