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What is the payback for project to two significant places

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Reference no: EM132731578

The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the next four years:

Year 1 312
Year 2 459
Year 3 69
Year 4 275

What is the payback for this project to two significant places?

Reference no: EM132731578

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