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# Only have 20 minutes! An investment project requires a net investment of $90,000. The project is expected to generate annual net cash inflows of...

Only have 20 minutes!:

An investment project requires a net investment of $90,000. The project is expected to generate annual net cash inflows of $22,000 for the next 5 years. The firm's cost of capital is 12 percent. Determine the simple payback period for the project.