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SOLVED: Consider the following cash flows:What is the payback period for the cash flows?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.Payback periodConsider the following cash flows:Year 0 1 2 3 4Cash Flow -5,800 1,700 3,100 1,500 1,200What is the payback period for the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places,e.g.,32.16Payback periodyears
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