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You are reviewing a new project and have estimated the following cash flows: Year 0: CF = $-50,000; Year 1: CF = $25,000; Year 2:

You are reviewing a new project and have estimated the following cash flows:

Year 0: CF = $-50,000;

Year 1: CF = $25,000;

Year 2: CF = $50,000;

Year 3: CF = $25,000;

Year 4: CF = $50,000;

What is the payback period of this project?

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