Question: 11. A more efficient heating system add $7,500 to the cost of your project. Adding this system will save $1200 per year. If the discount

11. A more efficient heating system add $7,500 to the cost of your project. Adding this system will save $1200 per year. If the discount rate is 8%, about how long will it take to pay back the initial investment? a. 6 years b. 7 years c. 8 years d. 9 years

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