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Calculate the payback period for a project that has the following cash flows? The required return is 12.0%. Year Cash Flow 0 $ (16,000) 1

Calculate the payback period for a project that has the following cash flows? The required return is 12.0%. Year Cash Flow 0 $ (16,000) 1 $5,000 2 $ 5,000 $5,000 3 4 $ 5,000 5 $ 5,000 6. $ 5,000

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