Question: You are evaluating a project that costs $10,000. The project has a 4 year life and in that time produces the following cash flows: Time

You are evaluating a project that costs $10,000. The project has a 4 year life and in that time produces the following cash flows: Time Cash Flow 5000 1 2 4000 3 3000 4 2000 What is the project's payback? (Enter your answer to two decimal places)
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