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What is the payback period for a project with an initial investment of $150,000 that provides an annual cash inflow of $20,000 for the first

What is the payback period for a project with an initial investment of $150,000 that provides an annual cash inflow of $20,000 for the first three years and $30,000 per year for years four through eight?

A)

5 years

B)

6 years

C)

7 years

D)

8 years

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