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RentitAll Management Services is considering an investment of $60,000. Data related to the investment are as follows: 1 Year Cash Flow $20,000 2 24,000

RentitAll Management Services is considering an investment of $60,000. Data related to the investment are as follows: 1 Year Cash Flow $20,000 2 24,000 3 30,000 4 40,000 5 20,000 Cost of capital is 18 percent. What is the payback period in years approximated to two decimal points, assuming no taxes are paid?

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