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ABC Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 Cash flows

ABC Inc. is considering a project that has the following cash flow data. What is the project's payback?

Year

0

1

2

3

Cash flows

-$750

$300

$325

$350

1.

2.36 years

2.

1.93 years

3.

2.69 years

4.

2.40 years

5.

2.19 years

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