Finding the payback period for project
Problem: A project has the following cash flows:
Year CF Cumulative CF
0 $(1,450,000) $(1,450,000)1 $640,000 $(810,000)2 $715,250 $(94,750)3 $823,330 $728,5804 $907,125 $1,635,705What is the payback period for this project?
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