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A project has the following cash flows. What is the payback period? Year 0 1 Cash Flow -$31,000 15,600 10,200 8,700 7,100 2 3 4

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A project has the following cash flows. What is the payback period? Year 0 1 Cash Flow -$31,000 15,600 10,200 8,700 7,100 2 3 4 2.38 years 2.49 years 2.60 years 3.01 years 3.33 years

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