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What is the payback period for the following set of cash flows? Year Cash Flow 0: $ 4,700 1: 2,500 2: 1,500 3: 1,200 4:

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

Year Cash Flow

0: $ 4,700

1: 2,500

2: 1,500

3: 1,200

4: 1,400

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