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Find what is the payback period for the project

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Problem 1: McKenna Sports Authority is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $832,500, and $1,215,000 over the next three years. What is the payback period for this project? Round to four decimal places.

Reference no: EM132932110

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