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The Seattle Corporation has been presented with an investment opportunity that will yield cash flows of exist30,000 per year in Years 1 through 3, exist50,000

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The Seattle Corporation has been presented with an investment opportunity that will yield cash flows of exist30,000 per year in Years 1 through 3, exist50,000 per year in Years 4 through 9, and exist40,000 in Year 10. This investment will cost the firm exist150,000 today, and the firm's cost of capital is 10 percent Assume cash flows occur evenly during the year, 1/365th each day. What is the payback period for this investment? A. 5.23 years B. 420 years C. 4.60 years D. 6.12 years E. 4.86 years

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