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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5

Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows -$750 $300 $310 $320 $330 $340 Answer 2.17 years 2.49 years 2.63 years 2.44 years 2.24 years

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