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Hotel Inc. is considering an investment of $88,000 in a project that will generate the following cash flows: Net Annual Year Cash Inflows 1. $28,000

Hotel Inc. is considering an investment of $88,000 in a project that will generate the following cash flows: Net Annual

Year Cash Inflows

1. $28,000

2 25,000

3 35,000

4 20,000

In what year is the company paid back?

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