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Rayco has the following cash flows for a project. Calculate the project's payback period. Year 0 (170,000) Year 1 45,000 Year 2 55,000 Year 3

Rayco has the following cash flows for a project. Calculate the project's payback period.

Year 0 (170,000)

Year 1 45,000

Year 2 55,000

Year 3 65,000

Year 4 75,000

Year 5 85,000

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