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What is the payback period for the following proposed capital budgeting project: Year Cash Flows -1,000,000 200,000 400,000 300,000 500,000 0 2 4 3.2 years

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What is the payback period for the following proposed capital budgeting project: Year Cash Flows -1,000,000 200,000 400,000 300,000 500,000 0 2 4 3.2 years 3.4 years 2.8 years 2.6 years 2.2 years

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