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onsider the capital budgeting project described below. Year 0 1 2 3 Cash Flow -$1000 $800 $300 $400 If the hurdle rate is 8 percent,

onsider the capital budgeting project described below.

Year

0

1

2

3

Cash Flow

-$1000

$800

$300

$400

If the hurdle rate is 8 percent, the projects Payback Period equals [answer1] years. Round your answer to the nearest 0.01.

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