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A project that costs $18,500 today will generate cash flows of $5,300 per year for...

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A project that costs $18,500 today will generate cash flows of $5,300 per year for seven years. What is the project's payback period? Multiple Choice .29 years 2.91 years 2.79 years O (0) 3.49 years O 3.00 years

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