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(Solved): There is a project with the following cash flows :
YearCash Flow0$23,40016,80027,90037,00047,6 ...
There is a project with the following cash flows :
YearCash Flow0−$23,40016,80027,90037,00047,60056,400
What is the payback period?
Multiple Choice
2.76 years
4.00 years
3.47 years
3.22 years
3.78 years