QUESTION 11 Use the following information to answer the next 2 questions. Jasmine Manufacturing is...
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QUESTION 11 Use the following information to answer the next 2 questions. Jasmine Manufacturing is considering a project that will require an initial investment of $61,000 and is expected to generate future cash flows of $7,500 for years 1 through 3, $7,000 for years 4 and 5, and $5,500 for years 6 through 10. What is the payback period for this project? (Round to one decimal place) Years
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