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The management of Lanzilotta Corporation is considering a project that would require an investment of $191,000 and would last for 6 years. The annual net

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The management of Lanzilotta Corporation is considering a project that would require an investment of $191,000 and would last for 6 years. The annual net operating Income from the project would be $108,000, which includes depreciation of $21,000. The scrap value of the project's assets at the end of the project would be $26,200. The cash inflows occur evenly throughout the year. The payback period of the project is closest to ignore Income taxes.): (Round your answer to 1 decimal place.)

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