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Wells Inc. is considering a project that has the following cash flow data. What is the project's payback? Initial investment -880.00 Cash flow year 1

Wells Inc. is considering a project that has the following cash flow data. What is the project's payback?

Initial investment	-880.00
Cash flow year 1	580.00
Cash flow year 2	580.00
Cash flow year 3	580.00

a. 1.40 years

b. 2.00 years

c. 3.00 years

d. 1.52 years

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