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What is the payback period for an investment of $300 which returns $60 at the end of each of the first two years and then
What is the payback period for an investment of $300 which returns $60 at the end of each of the first two years and then $50 at the end of each subsequent year?
Check the lecture slides for help on this.
Write your answer in years as a whole number (no fractions or decimals).
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