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The Zinger Corporation is considering an investment that has the following data: Year 1 Year 2 Year 3 Year 4 Year 5 Investment $8,000 $3,000
The Zinger Corporation is considering an investment that has the following data:
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
| Investment | $8,000 | $3,000 | |||
| Cash inflow | $2,000 | $2,000 | $5,000 | $4,000 | $4,000 |
Cash inflows occur evenly throughout the year. The payback period for this investment is:
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