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8. A company has the following investment opportunity: Cost Year 1 Cash Inflow Year 2 Cash Inflow Year 3 Cash Inflow Year 4 Cash Inflow

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8. A company has the following investment opportunity: Cost Year 1 Cash Inflow Year 2 Cash Inflow Year 3 Cash Inflow Year 4 Cash Inflow Year 5 Cash Inflow Year 6 Cash Inflow $373,000 $108,000 $90,000 $60,000 $56,000 $54,000 $52,000 Calculate the cash pay-back period, rounding to two decimals

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