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You are considering a project with an initial cost of $ 4 , 3 0 0 . What is the payback period for this project

You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550, $970, $2,600, and $500 a year over the next four years? A.2.04 years
B.2.36 years
C.2.89 years
D.3.04 years
E.3.36 years
Please dont use excel and try to break it down relatively simple. Thank you!

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