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13. What is the payback period for the following set of cash flows (answer should include the fraction of the last year needed for a
13. What is the payback period for the following set of cash flows (answer should include the fraction of the last year needed for a full payback)? What is the IRR? Year 0 = -256,000, Year 1 = 35,000, Year 2 = 77,000, Year 3 = 84,000, Year 4 = 84,000, Year 5 = 73,000
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