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A project has the following time-series of relevant cash flows. What is the payback period associated with this project? Year Cash Flows 0 -12.0 1

A project has the following time-series of relevant cash flows. What is the payback period associated with this project?

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Year Cash Flows 0 -12.0 1 4.0 2 4.0 3 4.0 4 4.0 5 4.0

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