A project costs $475 and has cash flows of $100 for the first year and...
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Accounting
A project costs $475 and has cash flows of $100 for the first year and $75 each year for the next 8 years. What is the payback period for the project? a. never b. 5 years c. 6 years d. 6.333 years e. 7.5 years
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