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You are evaluating a project with an initial investment of $11.7 million dollars, and expected cash flows of $7 million dollars each for years 1-3.

You are evaluating a project with an initial investment of $11.7 million dollars, and expected cash flows of $7 million dollars each for years 1-3. What is the project's simple payback? The corporate WACC is 12%.

Express your answer in years, rounded to 2 decimals. So, if your answer is 2.7654, then just enter 2.77.

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