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a firm is evaluating a proposal which has an initial investment of $15,000 and has cash flows of $10,000 in year 1, $20,000 in year

a firm is evaluating a proposal which has an initial investment of $15,000 and has cash flows of $10,000 in year 1, $20,000 in year 2 and $10,000 in year 3. the payback period of the project is

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