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Posted: **Thu May 05, 2022 8:24 am**

: 9 Initial Investment 2 000 000 Cash Flow In Year 1 400 000 Cash Flow In Year 2 800 000 Cash Flow In Year 3 1 (9.17 KiB) Viewed 39 times

9. Initial investment ($2,000,000). Cash flow in year 1 = $400,000. Cash flow in year 2= $800,000. Cash flow in year 3 = $1,200,000. Calculate the payback period (to 2 decimal places).