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Consider a project in which the initial after-tax investment is $1,500,000. The predicted after-tax cash for the following 4 years are: Year 1: $800,000 Year

Consider a project in which the initial after-tax investment is $1,500,000. The predicted after-tax cash for the following 4 years are: Year 1: $800,000 Year 2: $800,000 Year 3: $300,000 Year 3: $100,000 What is the payback period? Do not discount the cash flows

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