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What is the payback period of a project that costs $85,000 and generates cash flows of $20,000 in the first year, $35,000 in the second
What is the payback period of a project that costs $85,000 and generates cash flows of $20,000 in the first year, $35,000 in the second year, $25,000 in the third year, and $15,000 per year for the following 5 years?
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