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9. Initial investment ($2,000,000). Cash flow in year 1 = $400,000. Cash flow in year 2= $800,000. Cash flow in year 3 = $1,200,000. Calculate

9. Initial investment ($2,000,000). Cash flow in year 1 = $400,000. Cash flow in year 2= $800,000. Cash flow in year 3 = $1,200,000. Calculate the payback period (to 2 decimal places)

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