Question: The initial outlay or cost is $1000000 for a four year project. The respective future cash inflows for years 1 2 3 and 4 are

The initial outlay or cost is $1000000 for a four year project. The respective future cash inflows for years 1 2 3 and 4 are $400000, $400000, $400000 and $400000. Calculate the payback period

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