Question: Problem 9-1 Calculating Payback [LO2] What is the payback period for the following set of cash flows? (Do not round intermediate calculations and round

Problem 9-1 Calculating Payback [LO2] What is the payback period for the

Problem 9-1 Calculating Payback [LO2] What is the payback period for the following set of cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Year Cash Flow 01234 -$5,500 1,550 1,750 2,150 1,650 Payback period 3.58 years

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