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

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

Net Cash Flows Cumulative Net Year per Year Cash Flows Initial investment $ (108,080) $ (108,080 ) 10 ,800 (97, 200) 20,860 (76,400 ) 20,860 (55,600) 31, 120 (24,480) 40 ,860 16,320 40, 860 57,120 Payback period years

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