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A company estimates the following cash flows from a capital investment. What is their payback period? (Two decimal places.) Year o Year 1 Year 2

A company estimates the following cash flows from a capital investment. What is their payback period? (Two decimal places.) Year o Year 1 Year 2 $-11747 $3112 $3189 Year 3 $3028 $3153 Year 4 Year 5 $3412 Year 6 $3642

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