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A project is projected to cost $ 2 , 0 0 0 , 0 0 0 to undertake. It will generate positive cash inflows as

A project is projected to cost $

2, 000, 000

to undertake. It will generate positive cash inflows as follows: Year

1 -

400, 000

; Year

2 500, 000

; Year

3 -

650, 000

; Year

4 750, 000

; Year

5 800, 000 .

What is the project

s payback?

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