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Consider the capital budgeting project described below. If the hurdle rate is 8 percent, what is the projects Payback Period? Round your answer to the

Consider the capital budgeting project described below. If the hurdle rate is 8 percent, what is the projects Payback Period? Round your answer to the nearest 0.01.

Year 0 1 2 3

Cash Flow -$2000 $1200 $600 $250

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