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A project has the following cash flows: -701 in year 0, 2,049 in year 1, 1,108 in year 2, and 1,976 in year 3. What
A project has the following cash flows: -701 in year 0, 2,049 in year 1, 1,108 in year 2, and 1,976 in year 3. What is the Payback Period of the project? Give an answer in terms of years rounded to two decimal places.
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