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Dutch's Donut Shop is considering an investment of $72,000. Data related to the investment are as follows: Year Cash Inflows 1 $20,000 2 22,000 3

Dutch's Donut Shop is considering an investment of $72,000. Data related to the investment are as follows:

Year

Cash Inflows

1

$20,000

2

22,000

3

24,000

4

30,000

5

30,000

The investments payback period (rounded to two decimal points) is:

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