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Project L has the following Cash Flows: CF0 = -100 CF1 = 50 CF2 = 50 CF3 = 40 What is the Payback for Project

Project L has the following Cash Flows: CF0 = -100 CF1 = 50 CF2 = 50 CF3 = 40 What is the Payback for Project L?

2 years

2.375 years

2.33 years

3.875 years

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