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Project L costs $1000, its expected net cash inflows are CF 1 $400; CF 2 $500; CF 3 $300; CF 4 $400; CF 5 $400,

Project L costs $1000, its expected net cash inflows are CF1 $400; CF2 $500; CF3 $300; CF4 $400; CF5 $400, and its WACC is 12%. What is the Project's Payback period?

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