Question: . A firm is evaluating a capital budgeting proposal which has an initial investment at t = 0 of $55,000 . This project has the

. A firm is evaluating a capital budgeting proposal which has an initial investment at t = 0 of $55,000.

This project has the following inflows: $20,000 in Year 1; $40,000 in Year 2; and $10,000

in Year 3. What is the payback period for this project?

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