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A project has the following projected cash flows: Period Cash Flow 0 ($1,500,000) 1 $150,000 2 $200,000 3 $300,000 4 $400,000 5 $500,000 6 $600,000
A project has the following projected cash flows:
Period Cash Flow
0 ($1,500,000)
1 $150,000
2 $200,000
3 $300,000
4 $400,000
5 $500,000
6 $600,000
What is the payback period?
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