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Year Cash Flow 0. -110000 1. 30000 2. 40000 3. 20000 4. 80000 5. 20000 6. 20000 Given the cash flows in the table above,

Year Cash Flow 0. -110000 1. 30000 2. 40000 3. 20000 4. 80000 5. 20000 6. 20000 Given the cash flows in the table above, calculate the payback period assuming the cash flows in years 1 to 4 occur evenly throughout the year. The required rate of return is 12%. Answer in years accurate to two decimal place

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