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You are considering a project with an initial cost of $19.500. What is the payback period for this project if the cash inflows are $2500,

You are considering a project with an initial cost of $19.500. What is the payback period for this project if the cash inflows are $2500, $2800, $4,800, $5900, and $9500 a year over the next 5 years, respectively? Should you take the project if you assign a 4-year payback period to this project? Why or why not?

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