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Consider a project with the following cash flows: Year Cash Flow 0 8000 1 5000 2 5000 3 5000 4 5000 Assume the appropriate discount

Consider a project with the following cash flows:

Year

Cash Flow

0

8000

1

5000

2

5000

3

5000

4

5000

Assume the appropriate discount rate for this project is

15%.

The payback period for this project is closest to:

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