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A company has a project available with an initial cost of $12,800. The cash flows for the next four years are $5,300, $6,600, $6,000, and

A company has a project available with an initial cost of $12,800. The cash flows for the next four years are $5,300, $6,600, $6,000, and $4,400, respectively. What is the payback period?

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