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What is the payback period for the following set of cash flows? ...

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Finance

What is the payback period for the following set of cash flows?

Year Cash Flow
0 $ 5,300
1 2,500
2 1,500
3 1,700
4 1,400

Multiple Choice

  • 3.06 years

  • 2.71 years

  • 2.90 years

  • 2.76 years

  • 2.78 years

Answer & Explanation Solved by verified expert
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