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 your

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 01234 Cash Flow -$ 5,500 1,550 1,750 2,150 1,650 Payback period years

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.)

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