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Given a the following set of cash flows, what is the payback period? CF0: -10,227 CF1: 3,597 CF2: 4,670 CF3: 9,693 CF4: 9,824 CF5: 1,709

Given a the following set of cash flows, what is the payback period?

CF0: -10,227

CF1: 3,597

CF2: 4,670

CF3: 9,693

CF4: 9,824

CF5: 1,709

Answer with two decimals.

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