A project with a cost of ​$85,000 is expected to produce benefits of ​$18,000 per year for 10 years. Calculate the​ project’s payback​ period, net present value​ (NPV), profitability index​ (PI), and internal rate of return​ (IRR). Assume a cost of capital of 10​%.

What is the​ project’s payback​ period?

The​ project’s payback period is ____ years.

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