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The Wollfarth Corporation has an investment opportunity that will initially cost the company $145,000 today...

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Finance

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The Wollfarth Corporation has an investment opportunity that will initially cost the company $145,000 today and will yield cash flows of $27,000 per year in Years 1-3, $32,000 per year in Years 4-8, and $38,000 in Years 9-10. What is the payback period for this investment? 2 years 1.85 years 3.21 years O 5 years 0 4.75 years

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