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You have been told that a project will generate the following free cash flows. In year 0 the free cash will be -$102, in year
You have been told that a project will generate the following free cash flows. In year 0 the free cash will be -$102, in year 1 the free cash flow will be $39, in year 2 the free cash flow will be $22, in year 3 the free cash will be $49 and in year 4 the free cash flow will be $66. The required rate of return is 8.20%. What is the payback period?
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