Question: A project with an initial cost of $ 2 7 , 2 5 0 is expected to generate cash flows of $ 6 , 6

A project with an initial cost of $27,250 is expected to generate cash flows of $6,600, $8,700, $9,100, $8,000, and $7,400 over each of the next five years, respectively. What is the project's payback period?
3.69 years
3.36 years
3.47 years
3.57 years
3.73 years

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