Question: The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the

The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the next four years: Year 1 312 Year 2 459 Year 3 52 Year 4 398 What is the payback for this project? Answer to two decimal places.

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