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Calculate the payback period for the following set of cash flows: Year Cash Flow -240,000 10,000 2 3 20,000 60,000 135,000 70,000 50,000 7 40,000

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Calculate the payback period for the following set of cash flows: Year Cash Flow -240,000 10,000 2 3 20,000 60,000 135,000 70,000 50,000 7 40,000 What is the project's payback period? Round your answer to two decimals

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