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Consider the following cash flows: Time Cash flow 0 -600 1 500 2 200 3 500 4 300 5 100 Use the payback method to

Consider the following cash flows:

Time Cash flow
0 -600
1 500
2 200
3 500
4 300
5 100

Use the payback method to determine the payback time. Provide at least two digits.

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