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The Mayall Corporation is considering a capital investment that costs $1.600 and expects that it would increase net cash flows by $500 in year 1,

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The Mayall Corporation is considering a capital investment that costs $1.600 and expects that it would increase net cash flows by $500 in year 1, $600 in year 2,$700 in year 3 and $900 in year 4 after which it will be worthless, What is the cash payback period for the investment (rounded to two decimal places)

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