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Assuming a firms weighted average cost of capital is 12%, what is the payback period of the following project? Year Net Cash Flow Cumulative NCF

Assuming a firms weighted average cost of capital is 12%, what is the payback period of the following project?

Year Net Cash Flow Cumulative NCF

0 -$375,000

1 $150,000

2 $150,000

3 $250,000

Group of answer choices

2.30 years

2.20 years

2.25 years

2.40 years

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