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What is the payback period for the following project: Initial investment: $100 million First year cash flows: $46 million Second year cash flows: $42 million

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What is the payback period for the following project: Initial investment: $100 million First year cash flows: $46 million Second year cash flows: $42 million Third year cash flows: $48 million Fourth year cash flows: $49 million (Answer in years, including fractional years, e.g. "3.42" is 3.42 years) Type your

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