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The Golden Goose is considering a project with an initial cost of $ 4 6 , 7 0 0 . The project will produce cash

The Golden Goose is considering a project with an initial cost of $46,700. The project will produce cash inflows of $10,000 for the first two years and $12,000 per year for the following four years. What is the payback period?
A.4.23 years
B.4.19 years
C.4.06 years
D.2.87 years
E.3.41 years
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