Question: must show all work and be in EXCEL format-formulas need to be shown Kennedy, Inc. is considering a project with an initial cost of $28,000.

must show all work and be in EXCEL format-formulas need to be shown

Kennedy, 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?

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