What is the payback period for the set of cash flows

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Reference no: EM131068296

Consider the following cash flows:

Year Cash Flow

0 –$7,200

1 2,050

2 4,500

3 1,850

4 1,550

Required: What is the payback period for the above set of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Payback period years

Reference no: EM131068296

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