Question: P Pointer Construction is considering whether or not to undertake a project that would expand its operations. Based on the cash flows listed below and

P Pointer Construction is considering whether or not to undertake a project that would expand its operations. Based on the cash flows listed below and with a required rate of return of 14%, what's the Payback Period of the project? Round your answer to two decimal places. Cash Flows: Year 0: -$50,000 Year 1: $20,000 Year 2: $35,000 Year 3: $42,000

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