What is the payback period without discounting cash flows

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Consider the following four-year project. The initial after-tax outlay is $550,000. The future after-tax cash inflows for years 1, 2, 3 and 4 are: $175,000, $250,000, $280,000 and $200,000, respectively. What is the payback period without discounting cash flows?

Reference no: EM13336445

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