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1. What is the payback period for the following set of cash flows? Year Cash Flow 0 $ 7,200 1 2,700 2 1,400 3 1,700

1. What is the payback period for the following set of cash flows?

  

YearCash Flow
0−$ 7,200       
12,700       
21,400       
31,700       
42,600       

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