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What is the payback period for a $28,500 investment with the following cash flows? Year Cash Flow 1 $6200 2 7800 3 8600 4 9100

What is the payback period for a $28,500 investment with the following cash flows?

Year Cash Flow
1 $6200
2 7800
3 8600
4 9100
5 9900

3.65 years

4.44 years

The project never pays back.

3.89 years

4.22 years

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