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Young Corporation is considering purchasing equipment that costs $55,000 and is expected to provide the following cash inflows over its five-year useful life: Year Cash

Young Corporation is considering purchasing equipment that costs $55,000 and is expected to provide the following cash inflows over its five-year useful life: Year Cash Inflow $13,000 $17,000 $19,000 $ 6,000 $ 4,000 What is the payback period of this investment project? (Rounded to the nearest year.)

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