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You are planning to open a restaurant in Brickell. Following the initial investment of $1,023,059, the expected cash flows over the next 4 years are
You are planning to open a restaurant in Brickell. Following the initial investment of $1,023,059, the expected cash flows over the next 4 years are as follows. What is the payback period of this project? t Cash Flows 1$213,758 2$349,330 3$309,080 4$394,039 *Round your answer to the nearest two decimals
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