Question: Alpha Enterprises, Inc. is considering a project that has the following cash flows: Year - Cash flow 0 -$1,000 1 500 2 300 3 700

Alpha Enterprises, Inc. is considering a project that has the following cash flows:

Year - Cash flow

0 -$1,000

1 500

2 300

3 700

4 400

The company's WACC is 10%.What is the project's ordinary payback?Enter your answer rounded to two decimal places.

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