A 3-year project costs $800 and has cash inflows of $500 in Year 1, $400...
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Accounting
A 3-year project costs $800 and has cash inflows of $500 in Year 1, $400 in Year 2, and $300 in Year 3. What is the projects payback period?
Group of answer choices
1.75 years
2.00 years
3.25 years
2.50 years
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