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  3. a project has the following cash flows: -523 in ye

A project has the following cash flows: -523 in year 0, 166 in year 1,...

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Finance

A project has the following cash flows: -523 in year 0, 166 in year 1, 2,326 in year 2, and 1,236 in year 3. What is the Payback Period of the project? Give an answer in terms of years rounded to two decimal places.

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