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Paranormal Incorporated is considering investing in a project with the following initial cost and projected cash inflows. The company has a 14 percent cost of

Paranormal Incorporated is considering investing in a project with the following initial cost and projected cash inflows. The company has a 14 percent cost of capital.

Year Cashflow

0 -33680

1 10796

2 22308

3 4170

Compute the project payback period:

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