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A project has an initial cost of $7,500. The cash inflows are $1,000, $900, $2,200,...

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A project has an initial cost of $7,500. The cash inflows are $1,000, $900, $2,200, $3,600, and $4,100 over the next five years, respectively. What is the payback period? (Assume that cash flows occur evenly throughout the year.) 3.94 years 4.94 years 4.51 years o o 2.73 years 3.51 years

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