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Booker Inc is considering investing in a project with a cost of $100k. If the project is expected to produce cash flows of $50k in

Booker Inc is considering investing in a project with a cost of $100k. If the project is expected to produce cash flows of $50k in year 1, $80k in year 2, and $238k in year 3, what is the payback period.

Round the answer to 2 decimal places.

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