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Consider the following investment project with a required return of 10 percent: Year Cash Flows 0 -46982 1 14124 2 13943 3 13978 4 14983

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

Year Cash Flows

0 -46982

1 14124

2 13943

3 13978

4 14983

What is the payback period for this project? (Round your answers to 2 decimal places. (e.g., 32.16))

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