Question: A project will provide $830 annually for 8 years. If the initial outlay is $3400, a) what is the payback period for this project? b)

A project will provide $830 annually for 8 years. If the initial outlay is $3400, a) what is the payback period for this project? b) Should they go ahead with the project if the companys desired payback is 3.5 years and the initial outlay is $4450?

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