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Question 1 A project requires an initial investment of $873,000. The project's cash flows are $230,000 in year 1, $310,000 in year 2, $380,000 in

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Question 1 A project requires an initial investment of $873,000. The project's cash flows are $230,000 in year 1, $310,000 in year 2, $380,000 in year 3 and $380,000 in year four. The required return is 11.8 percent. Calculate the project's payback period. 2.12 years 03.00 years $3.45 years 2.88 years 2.00 years

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