Question: 4. You are considering a project with an initial cost of $7,800. What is the payback period for this project if the cash inflows are

4. You are considering a project with an initial cost of $7,800. What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800, and $4,500 a year over the next four years, respectively?

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