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You Are Considering a Project with an Initial Cost of $7,500.What

Question 68

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You are considering a project with an initial cost of $7,500.What is the payback period for this project if the cash inflows are $1,100,$1,640,$3,800,and $4,500 a year over the next four years,respectively?


A) 3.21 years
B) 3.28 years
C) 3.36 years
D) 4.21 years
E) 4.29 years

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