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Year 0: (102.4 million)
Year 1: 37.4 million
Year 2: 33.1 million
Year 3: 28.4 million
Year 5: 17.1 million
Year 6: 15.9 million
What is the payback period for this stream of cash flows if the discount rate is 16%?
2.84 years
2.96 years
3.05 years
3.14 years
3.55 years
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