Question: Suppose that a project requires $ 3 4 5 , 0 0 0 investment and has even cash flows of $ 5 7 , 5

Suppose that a project requires $345,000 investment and has even cash flows of $57,500 per year. The payback period of the project is:
a.7 years.
b.8 years.
c.4 years.
d.6 years.

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