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ImagineThis is considering a project that has WACC = 8% and the following cash flow data. Year 0: -$400 Year 1: $200 Year 2: $200

ImagineThis is considering a project that has WACC = 8% and the following cash flow data.

Year 0: -$400

Year 1: $200

Year 2: $200

Year 3: $200

What is the project's payback? (round your answer to two decimals)

Answer:

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