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Sterling Corporation has borrowed $46,200 that must be repaid in two years. This $46,200 is...

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Accounting

Sterling Corporation has borrowed $46,200 that must be repaid in two years. This $46,200 is to be invested in an eight-year project with an estimated annual net cash flow of $11,000. The payback period for this investment is: Indeterminable with the given information. 4.2 years. 8.0 years. 2.0 years.

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