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What is the payback period for the following set of cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places,
What is the payback period for the following set of cash flows? (Do not round intermediate calculations and 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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