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A company is considering investing $35,000 in a project with the following anticipated net cash flows: Year 1: $10,000 Year 2: $7,000 Year 3:

A company is considering investing $35,000 in a project with the following anticipated net cash flows: Year 1: $10,000 Year 2: $7,000 Year 3: $6,000 Year 4: $11,000 Year 5: $15,000 Year 6. $8,000 In what year will payback occur?

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