Question: EEG, Inc. is considering a new project that will require an initial cash investment of$388,000. The project will produce no cash flows for the first

EEG, Inc. is considering a new project that will require an initial cash investment of$388,000. The project will produce no cash flows for the first two years. The projected cash flows for years 3 through 7 are $69,000, $88,000, $102,000, $140,000, and $160,000, respectively. How long will it take the firm to recover its initial investment in this project

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