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A company is considering investing $ 9 0 , 0 0 0 in a project with the following anticipated net cash flows: Year 1 :

A company is considering investing $90,000 in a project with the following anticipated net cash flows:
Year 1: $19,000
Year 2: $12,000
Year 3: $14,000
Year 4: $22,000
Year 5: $17,000
Year 6: $13,000
Year 7: $8,000
In what year will payback occur?
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