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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 4 Cash flows -$975 $300

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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 4 Cash flows -$975 $300 $310 $320 $330 $340 O a. 3.61 years b. 3.83 years c. 3.14 years O d. 2.42 years e. 2.54 years

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