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You are considering buying a new truck for your small business. The cash outlay (le, cost) of the truck is $36000. Your firm's cost of

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You are considering buying a new truck for your small business. The cash outlay (le, cost) of the truck is $36000. Your firm's cost of capital is 12.0%. If you buy the truck, after-tax cash flows, including depreciation, would be as follows: Year 1 5 Cash flows $8700 - $17000 $17000 17000 23 Calculate the project's payback period Provide your answer as a number with two decimal places)

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