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A company is considering a proposal to invest $40,000 in a project that would provide the following net cash flows: Year 1 $6,500 Year 2

A company is considering a proposal to invest $40,000 in a project that would provide the following net cash flows: Year 1 $6,500 Year 2 12,700 Year 3 15,000 Year 4 12,800 Compute the project's payback period. Show your work for credit.

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