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Sterling Corporation has borrowed $92,500 that must be repaid in three years. This $92,500 is to be invested in an nine-year project with an estimated

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Sterling Corporation has borrowed $92,500 that must be repaid in three years. This $92,500 is to be invested in an nine-year project with an estimated annual net cash flow of $18,500. The payback period for this investment is: Multiple Choice Three years. Five years. O O Indeterminable with the given information. Nine years

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