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Lane industries has a project with the following cash flows: Year Cash Flow 0 -200,000 1 60,000 2 80,000 3 70,000 4 60,000 5 50,000

Lane industries has a project with the following cash flows:

Year Cash Flow

0 -200,000

1 60,000

2 80,000

3 70,000

4 60,000

5 50,000

The project's cost of capital is 12%, The discounted payback period is closest to:

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