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2.2 Determine the payback period of a project with a cost of R100 000 and a required rate of return of 14%. The project has

2.2 Determine the payback period of a project with a cost of R100 000 and a required rate of return of 14%. The project has estimated future cash flows of R20 000, R30 000, R100 000, and R120 000 at the end of the first, second, third and fourth year, respectively. Show all your calculations, and the table used to show the cumulative cash flow

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