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Newex, Inc. has a capital investment opportunity with the following cash flows: Year Cash Flow 0 (100,000) 1 60,000 2 40,000 3 30,000 4 20,000

Newex, Inc. has a capital investment opportunity with the following cash flows: Year Cash Flow 0 (100,000) 1 60,000 2 40,000 3 30,000 4 20,000 Which of the following is closest to the projects payback period? Group of answer choices 2 years 2.5 years 2.8 years 3.7 years 4 years

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