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What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.) Year Cash Flow 0

What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.)

Year

Cash Flow 0 $ 4,900 1 1,250 2 1,450 3 1,850 4 1,350

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