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Calculate the payback period for the following set of cash flows: Year Cash Flow 225,000 20,000 30,000 35,000 40,000 2 4 40,000 6 45,000 50,000
Calculate the payback period for the following set of cash flows: Year Cash Flow 225,000 20,000 30,000 35,000 40,000 2 4 40,000 6 45,000 50,000 What is the project's payback period? Round your answer to two decimals
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