The payback period is nothing years

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What is the payback period of a project with a $ 40 comma 200 initial investment and expected net cash flows of $ 12 comma 500 ?, $ 18 comma 600 ?, and $ 25 comma 600 in each of the next three? years, assuming an appropriate discount rate of 10.1 ?percent? The payback period is nothing years. (Round to two decimal? places.)

Reference no: EM131535888

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