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A project has the following cash flows. What is the payback period? Year 0 1 2 3 4 Cash Flow -$ 45,000 20,000 23,500 24,000

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A project has the following cash flows. What is the payback period? Year 0 1 2 3 4 Cash Flow -$ 45,000 20,000 23,500 24,000 25,000 1.83 years 2.65 years 1.72 years 2.06 years 2.33 years

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