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What is the payback period for the following set of cash flows? Year Cash Flow 0 $ 2,800 1 1,000 2 1,600 3 1,300 4

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

Year Cash Flow
0 $ 2,800
1 1,000
2 1,600
3 1,300
4 2,400

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