What is the payback period

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You are considering a project with an initial cost of $6,400. What is the payback period for this project if the cash inflows are $900, $1,350, $2,800, and $1,500 a year over the next four years, respectively? Should you take the project if you assign a three-year payback period to this project? Why or why not?

Reference no: EM131473560

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