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. A firm is evaluating a capital budgeting proposal which has an initial investment at t = 0 of $75,000 . This project has the

. A firm is evaluating a capital budgeting proposal which has an initial investment at t = 0of $75,000.

This project has the following has inflows: $30,000in Year 1; $35,000in Year 2; and $15,000

in Year 3. What is the payback period for this project?

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