Question: You evaluate a project using the payback period for this. The project has an initial cost of $ 100,000. Thereafter, you expect the project to

You evaluate a project using the payback period for this. The project has an initial cost of $ 100,000. Thereafter, you expect the project to generate the cash flows described in the following table:

Years Cash Flow
1 40 000$
2 30 000$
3 45 000$
4 24 000$
5 15 000$

The recovery time for the project is?

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