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The following table describes the cash flow schedule of an investment project. What is the payback period? Year Cash Flow 0 1 2 3 4

The following table describes the cash flow schedule of an investment project. What is the payback period?

Year

Cash Flow

0

1

2

3

4

5

-100,000

30,000

50,000

15,000

7,000

7,000

4.5 years

4 years

3 years

5 years

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