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Compute the payback period in years for the project

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A project had and an initial outlay of $600 with the following Cash Flows: $370 in year 1, $165 in year 2, and $120 in year 3. Compute the payback period in years for the project if the discount rate was 12% (input number only and round to 2 decimal places like this 2.38)

Reference no: EM131942166

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