Question: A project by Sarah Wilson Software has an initial investment of $277,000. Cash flows at the end of years 1, 2, and 3 are $100,000,

A project by Sarah Wilson Software has an initial investment of $277,000. Cash flows at the end of years 1, 2, and 3 are $100,000, $200,000 and $150,000, respectively. What is the payback period for the firm’s project? Assume the discount rate is 10%.

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