What is the payback period for the following set of cash
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
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