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An investment project has the following cash flows. What is the Payback Period? Year Cash Flow 7 -$100 8 $20 9 $50 0 $70 2.43

An investment project has the following cash flows. What is the Payback Period?

Year Cash Flow
7 -$100
8 $20
9 $50
0 $70

2.43 years
1.77 years
2.77 years
2 years

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