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Tina invested in a project with a payback period of 4 years. The project brings $20,000 per year for a period of 10 years. What

Tina invested in a project with a payback period of 4 years. The project brings $20,000 per year for a period of 10 years. What was the initial investment?

a. $107,500

b. $240,000

c. $162,000

d. $80,000

e. Cannot be determined from this information.

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