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1. Suppose you are considering investing $500,000 in a project. The annual net cash inflows over the next five years are: $50,000; $100,000; $150,000; $200,000;

1. Suppose you are considering investing $500,000 in a project. The annual net cash inflows over the next five years are: $50,000; $100,000; $150,000; $200,000; $250,000. Calculate the payback period for the investment:

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