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A project with an initial cost of $60,500 is expected to generate cash flows of $18,200, $27,560, $13,470, $13,560, and $12,520 over each of the

A project with an initial cost of $60,500 is expected to generate cash flows of $18,200, $27,560, $13,470, $13,560, and $12,520 over each of the next five years, respectively. What is the project's payback period?

Payback Period = years

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