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 next

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:

Year1312

Year2459

Year369

Year4275

What is the payback for this projectto two significant places?

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