Question: KTS is trying to estimate the first-year operating cash flow. The financial staff has given Dante the following information: Incremental revenue = $9 Depreciation =

KTS is trying to estimate the first-year operating cash flow. The financial staff has given Dante the following information:

Incremental revenue = $9
Depreciation = $3
Interest Expense = $1
Marginal tax rate = 50%

Consider the following series of cash flows:

Cash Flow:-502010102020
Time:012345

What is the payback period?

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