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A firm is considering a project that has the following cash flow data. What is the project's payback (to two decimal places) ? Year 0

A firm is considering a project that has the following cash flow data. What is the project's payback (to two decimal places) ?

Year	0	1	2	3	4	5
Cash flows	-$975	$300	$310	$320	$77	$440

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