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You are considering a project with an initial cost of $5,300. What is the payback...

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You are considering a project with an initial cost of $5,300. What is the payback period for this project if the cash inflows are $1,720, $2,640, $3,100, and $2,500 a year over the next four years, respectively? Select one: O a. 1.36 years O b. 2.94 years OC. 3.28 years O d. 2.30 years Oe. 4.21 years

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