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Calculate the payback period for a project requiring a $ 5 , 0 0 0 investment today and that promises to pay $ 1 8
Calculate the payback period for a project requiring a $ investment today and that promises to pay $ one year from today, $ two years from today, and $ three years from today. The cash flows after the $ investment summarize cash flows that are actually occurring daily over time ie the answer to this question is NOT years! In years, what is the payback period? Express accurate out to decimal places
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