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You have the following information on a project's cash flows. Year Cash flows 0 -$117,000 1 24,000 2 31,000 3 36,000 4 65,000 5 55,000

You have the following information on a project's cash flows.

Year Cash flows

0 -$117,000

1 24,000

2 31,000

3 36,000

4 65,000

5 55,000

The project's payback is ____ years. Round it to two decimal places. Your Answer:

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