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The CWB Company is considering opening a new gallery which is expected to generate the following cash flows over 5 years. Central Investment cost in

The CWB Company is considering opening a new gallery which is expected to generate the following cash flows over 5 years. Central Investment cost in Year 0, HKD 460,064 Cash Flows in Year 1, HKD 70,000 Cash Flows in Year 2, HKD 100,000 Cash Flows in Year 3, HKD 130,000 Cash Flows in Year 4, HKD 140,000 Cash Flows in Year 5, HKD 140,000 100,000 Salvage Value in Year 5, HKD Assume that cash flow is uniform within each year, what is the payback period for this gallery? (Round your final answer to two decimal places)

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