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QUESTION 8 Clints Comics is considering a proposal to invest $50,000 in a project that would provide the following net cash flows: Year 1 $
QUESTION 8
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Clints Comics is considering a proposal to invest $50,000 in a project that would provide the following net cash flows:
Year 1 $ 6,500
Year 2 15,700
Year 3 18,000
Year 4 12,800
Compute the project's payback period. Round your answer to two decimal places.
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