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What is the payback period if the initial investment is $70,000 and the net cash-flows are: Year 1 $25,000 Year 2 $20,000 Year 3 $22,000

What is the payback period if the initial investment is $70,000 and the net cash-flows are: Year 1 $25,000 Year 2 $20,000 Year 3 $22,000 Year 4 $10,000 Year 5 $ 5,000

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