Question: Year 0 1 2 3 4 5 6 Cash Flow -110000 30000 40000 20000 50000 20000 20000 Given the cash flows in the table above,
Year 0 1 2 3 4 5 6 Cash Flow -110000 30000 40000 20000 50000 20000 20000 Given the cash flows in the table above, calculate the payback period assuming the cash flows in years 1 to 4 occur evenly throughout the year. The required rate of return is 12%. Answer in years accurate to two decimal places.
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