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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

  1. 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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