Question: 9- You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are

9- You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550, $1970, $2,600, and $500 a year for Years 1 to 4, respectively? If you decide to accept the project if the payback period is 3 years or less, would you accept inventing in this project? Show your formula/calculation/explanation

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