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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 $ 5,500
1 1,275
2 1,475
3 1,875
4 1,375

Payback period years

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