Question: 5. You are considering a project with an initial cost of $4,000. What is the payback period for this project if the cash inflows are

 5. You are considering a project with an initial cost of

5. You are considering a project with an initial cost of $4,000. What is the payback period for this project if the cash inflows are $100,$900,$2,500, and $700 a year over the next four years, respectively. Assume that each cash flow is received evenly throughout the year

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