Question: Hello, I am having difficulty working out this question. Anderson, Inc. is considering a project with an initial cost of $28,000. The project will produce

Hello,

I am having difficulty working out this question.

Anderson, Inc. is considering a project with an initial cost of $28,000. The project will produce cash inflows of $9,000 a year for the first year and $10,000 a year for the following three years. What is the payback period?

Any guidance would be appreciated! TY

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