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Mayco has the following cash flows for a project. Calculate the payback period for the project. Year 0 (190,000) Year 1 88,000 Year 2 78,000

Mayco has the following cash flows for a project. Calculate the payback period for the project.

Year 0 (190,000)

Year 1 88,000

Year 2 78,000

Year 3 68,000

Year 4 58,000

Year 5 48,000

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