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ABC Company is considering a project that has the following cash flow data. Year 0 1 2 3 Cash flows -$1,137 $500 $500 $606 What

ABC Company is considering a project that has the following cash flow data.

Year 0 1 2 3 Cash flows -$1,137 $500 $500 $606

What is the project's payback period? Round your answer to two decimal places of year, but do not include 'year' in your answer, e.g., x.xx.

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