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Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Initial investment Net Cash

Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Initial investment Net Cash Flows per Year $ (119,000) Cumulative Net Cash Flows $ (119,000) 30 3. 4. 5. 6. 1. 2. 11,900 (107,100) 21,900 (85,200) 21,900 (63,300) 50,730 (12,570) 41,900 29,330 41,900 71,230 Payback period years

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