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The details of an investment project are: Life of the project 10 years Cost of asset bought at the start of the project $100,000

The details of an investment project are: Life of the project 10 years Cost of asset bought at the start of the project $100,000 Annual cash inflow $20,000 Cost of capital 8% each year What is the payback of the cash flows that occur? O a. 6 years and 8 months O b. 5 years Oc. $34,200 O d. $100,000

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