An investment of $1,000 produces a net annual cash inflow of $500 for each of five years.

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An investment of $1,000 produces a net annual cash inflow of $500 for each of five years. What is the payback period?
  a.  Two years
  b.  One-half year
  c.  Unacceptable
  d.  Three years
  e.  Cannot be determined

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