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You are analyzing a proposed project and have compiled the following information: Year 0: -$145,000; Year...

You are analyzing a proposed project and have compiled the following information: Year 0: -$145,000; Year 1: $ 33,400; Year 2: $ 70,500; Year 3: $ 82,100; Required return: 9.50 percent. What is the Payback period for proposed project?

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