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You are given the following information for two projects: Project A Project B Initial investment $ 4 2 , 0 0 0 $ 4 5

You are given the following information for two projects:
Project A Project B
Initial investment $42,000 $45,000
Year Operating cash inflows
1 $14,000 $29,436
214,00010,120
314,00011,126
414,00010,000
514,00010,000
What is the payback period for Project B?

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