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The payback period for an investment refers to the amount of time it takes to: a ) Calculate the investment's internal rate of return (

The payback period for an investment refers to the amount of time it takes to:
a) Calculate the investment's internal rate of return (IRR).
b) Recover the initial cost of the investment.
c) Measure the investment's risk-adjusted return.
d) Determine the future cash flows of the investment.

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