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Which of the following values comes closest to the payback of a project that requires an initial investment of $34, produces cash flows of $12
Which of the following values comes closest to the payback of a project that requires an initial investment of $34, produces cash flows of $12 for 5 consecutive years beginning at the end of year 1, and provides a final cash flow at the end of year 6 of $100? The project's required rate of return is 13%. a. 4 years b. 3 years o c. 5 years Od. 6 years e. Undefined - there is no payback for this project
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