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What is the payback period for the following set of cash flows? Year Cash Flow 0...

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

Year Cash Flow 0 −$ 3,900 1 1,000 2 2,000 3 1,100 4 2,900

Multiple Choice 3.12 years 2.82 years 2.77 years 2.84 years 2.96 years

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