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Find the payback of the following series of cashflows if the cost of capital is 13%. CF0 = $ -120,000, CF1 = 30,000, CF2 =

Find the payback of the following series of cashflows if the cost of capital is 13%. CF0 = $ -120,000, CF1 = 30,000, CF2 = 40,000, CF3 = 55,000, CF4 = 50,000. In years, to two decimal places.

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