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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.) Cash Flow 0 $4,700

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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.) Cash Flow 0 $4,700 1,100 1,300 2,125 1,200 Year 2 3 4 Payback period years

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