Question: ABC Inc. is planning to undertake a project with an initial investment of $145 million. The project is expected to generate $32 million per year

ABC Inc. is planning to undertake a project with an initial investment of $145 million. The project is expected to generate $32 million per year in net cash flow for 100 years. What is the payback period for the project? (Do not include 'yearlyears'; comma or any other text. Round your answer to 2 decimal places.)

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