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Compute the payback period for a project with the following cash flows. The company's discount rate is 12%, the tax rate is 40%, and coffee

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Compute the payback period for a project with the following cash flows. The company's discount rate is 12%, the tax rate is 40%, and coffee sells for $22/lb. Initial outlay = $400 Free Cash flows: Year 1 = 300; Year 2 = $90; Year 3 = $100 Round to the second decimal place. Type only numbers without any unit ($,%, etc.)

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