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What is the projected cash payback period for a project that has an initial investment of $144,000, estimated annual operating income of $12,000 and estimated

What is the projected cash payback period for a project that has an initial investment of $144,000, estimated annual operating income of $12,000 and estimated annual cash flows of $10,000?

Group of answer choices

10.00 years

14.4 years

12.0 years

None of the answers are correct

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