Question: Question 2 10 pts You are evaluating a project with an initial investment of $11.9 million dollars, and expected cash flows of $8 million

Question 2 10 pts You are evaluating a project with an initial investment of $11.9 million dollars, and expected cash flows of $8 million dollars each for years 1-3. What is the project's simple payback? The corporate WACC is 8%. Express your answer in years, rounded to 2 decimals. So, if your answer is 2.7654, then just enter 2.77.

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