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Consider the following investment project with a required return of 10 percent: Year Cash Flows 0 -51,724 1 14,873 2 13,805 3 13,992 4 14,555

Consider the following investment project with a required return of 10 percent:

Year Cash Flows
0 -51,724
1 14,873
2 13,805
3 13,992
4 14,555

What is the payback period for this project?

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