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A firm identified a project with the following cash flows. The firm has a WACC of 8% . time CF 0 $ (500.00) 1 $

A firm identified a project with the following cash flows. The firm has a WACC of 8% .

time CF
0 $ (500.00)
1 $ 200.00
2 $ 200.00
3 $ 200.00
4 $ 100.00
5 $ 100.00

What is the discounted payback of this project? answer using two decimal digits (e.g. 1.23).

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