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Consider the following cash flows: Year Cash Flow -$7,800 3,100 3,200 2,200 1,400 What is the payback period for the above set of cash flows?

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Consider the following cash flows: Year Cash Flow -$7,800 3,100 3,200 2,200 1,400 What is the payback period for the above set of cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Payback period years

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