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A company is evaluating three possible investments. The following information is provided by the company: What is the payback period for Project A? (Assume that

A company is evaluating three possible investments. The following information is provided by the company:

What is the payback period for Project A? (Assume that the company uses the straight-line depreciation method.) (Round your answer to two decimal places.)

2.85 years

1.50 years

3.85 years

5.00 years

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