Find the Payback period for the following investment opportunity. Initial Cash Investment at the beginning of year 1 is

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answerhappygod
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Find the Payback period for the following investment opportunity. Initial Cash Investment at the beginning of year 1 is

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Find the Payback period for the following investmentopportunity. Initial Cash Investment at the beginning of year1 is $18,600.
End of the year cash inflows:
Investment opportunity Y
Year 1
$5,400
Year 2
$5,720
Year 3
$5,850
Year 4
$7,030
The answer should be calculated to two decimalplaces.
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