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Consider the capital budgeting project described below. Year 0 1 2 3 Cash Flow -$800 $200 $300 $400 If the hurdle rate is 8 percent,

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Consider the capital budgeting project described below. Year 0 1 2 3 Cash Flow -$800 $200 $300 $400 If the hurdle rate is 8 percent, the project's Payback Period equals (answer1] years. Round your answer to the nearest 0.01

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