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The cash flow shown below are for a new Project WOV5. Place compute the payback period Project WOV5. Year 0 1 2 3 Cash flows

The cash flow shown below are for a new Project WOV5. Place compute the payback period Project WOV5.

Year

0

1

2

3

Cash flows

-$1,075

$500

$500

$500

Group of answer choices

2.45 years

2.15 years

2.11 years

1.70 years

1.81 years

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