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Gourmet Cafe is considering opening a new location with an initial cost of $420,0000. This location is expected to generate cash flows of $118,000, $120,000,

Gourmet Cafe is considering opening a new location with an initial cost of $420,0000. This location is expected to generate cash flows of $118,000, $120,000, $122,000, $126,000, and $140,000 in Years 1 to 5. What is the payback period?

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