What is the payback period for the following set of cash


What is the payback period for the following set of cash flows (answer should include the fraction of the last year needed for a full payback)? What is the IRR?

Year 0 = -256,000,

Year 1 = 35,000,

Year 2 = 77,000,

Year 3 = 84,000,

Year 4 = 84,000,

Year 5 = 73,000.

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