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given the following information about the cash flows of a project that lasts for 5 years. The initial outlay is $80,000, incremental cash flows for

given the following information about the cash flows of a project that lasts for 5 years. The initial outlay is $80,000, incremental cash flows for the next 5 years are $20,000, $30,000, $40,000, $45,000. The discount rate is 13%

What is the payback period of the project?

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