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What is the payback period for the following set of cash flows?

Year Cash Flow

0: $ 7,100

1: 2,500

2: 1,500

3: 2,400

4: 2,600

a 3.27 years

b 3.22 years

c 3.43 years

d 3.57 years

e 3.29 years

Financial Management, Finance

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