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The manager of a family restaurant is considering a renovation investment that would expand the operations menu offerings. The estimated Initial Investment Cost for the

The manager of a family restaurant is considering a renovation investment that would expand the operations menu offerings. The estimated Initial Investment Cost for the project is $36,000, and the estimated Annual Cash Flow from the project is $11,250. What is the payback period for the proposed project?

A. 2.0 years

B. 4.3 years

C. 5.3 years

D. 3.2 years

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