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The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the

The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the next four years:

Year 1 312

Year 2 459

Year 3 58

Year 4 478

What is the payback for this project to two significant places?

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