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Given a the following set of cash flows, what is the payback period? CF0: -14,722 CF1: 3,236 CF2: 4,564 CF3: 9,667 CF4: 8,856 CF5: 1,611

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

CF0: -14,722

CF1: 3,236

CF2: 4,564

CF3: 9,667

CF4: 8,856

CF5: 1,611 Answer with two decimals.

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