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A 3-year project costs $800 and has cash inflows of $500 in Year 1, $400 in Year 2, and $300 in Year 3. What is

A 3-year project costs $800 and has cash inflows of $500 in Year 1, $400 in Year 2, and $300 in Year 3. What is the projects payback period?

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1.75 years

2.00 years

3.25 years

2.50 years

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