Question: Van Auken Inc. is considering a project that has the following cash flows: Year Cash Flow 0 -$1,600 1 500 2 400 3 650 4

Van Auken Inc. is considering a project that has the following cash flows: Year Cash Flow 0 -$1,600 1 500 2 400 3 650 4 400 The companys WACC is 10%. What is the projects ordinary payback? Enter your answer rounded to two decimal places.

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