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What is the payback (in years) of a project with the following cash flows? Year 0 1 2 3 Cash Flow -$100 40 40 80

What is the payback (in years) of a project with the following cash flows?

Year

0

1

2

3

Cash Flow

-$100

40

40

80

Group of answer choices

Cannot be determined without knowing either the IRR or WACC.

2.50

2.25

1.25

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