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8 8. Initial investment =($3,400,000) Cash flow in year 1=$920,000 Cash flow in year 2=$1,360,000 Cash flow in year 3=$1,400,000 Calculate the payback period (to

8. Initial investment =($3,400,000) Cash flow in year 1=$920,000 Cash flow in year 2=$1,360,000 Cash flow in year 3=$1,400,000 Calculate the payback period (to 2 decimal places)

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