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What is the payback period for the following set of cash flows? Year Cash Flow -$ 6,500 0 1 2. 3 1,600 1,400 2,900 1,500

What is the payback period for the following set of cash flows? Year Cash Flow -$ 6,500 0 1 2. 3 1,600 1,400 2,900 1,500 Multiple Choice 3.40 years 3.70 years

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