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What is the payback period for the following set of cash flows? Year Cash Flow 0 $ 5 , 7 0 0 1 2 ,

What is the payback period for the following set of cash flows?
Year Cash Flow
0$ 5,700
12,400
21,400
32,200
42,800
Multiple Choice
3.01 years
2.88 years
2.81 years
2.86 years

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