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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? 4.12 years Year 0 1 2 3

Stern Associates is considering a project that has the following cash flow data. What is the project's payback? 4.12 years

Year 0 1 2 3 4 5 Cash flows -$1,100 $300 $310 $320 $330 $340

cumulative CF -1,300 -1,000 -690 -370 -40 300

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