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The Helwig Corporation is considering investing in a 5-year capital project that requires an initial investment of $100,000. The project is expected to generate $30,000

The Helwig Corporation is considering investing in a 5-year capital project that requires an initial investment of $100,000. The project is expected to generate $30,000 cash inflows in each of the first three years and $25,000 cash inflows each in years 4 and 5. Helwig has a 10% WACC. What is the payback period for the project?

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