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Determine the payback period for the project

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Reference no: EM131191954

A project requires an initial outlay of $100,000, and is expected to generate annual net cash inflows of $28,000 for the next 5 years. Determine the payback period for the project.

a. 28 years

b. 1.4 years

c. 3.57 years

d. 17.86 years

Reference no: EM131191954

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