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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 0, 1, 2,

What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.)

Year 0, 1, 2, 3, 4

Cash Flow $ 4,700, 1,100, 1,300, 2,125 , 1,200

Payback period= __years?

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