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Find the Payback period for the following investment. Initial cash investment at the beginning of year 1 is $8,180. End of the year cash inflows

Find the Payback period for the following investment. Initial cash investment at the beginning of year 1 is $8,180.

End of the year cash inflows	Investment opportunity X
Year 1	$3,730
Year 2	$3,610
Year 3	$4,000
Year 4	$7,580

The answer should be calculated to two decimal places.

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