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The Galvin Company has decided to invest in a project that is expected to produce...

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Accounting

The Galvin Company has decided to invest in a project that is expected to produce the following cash flows: $6,000 in year 1, $8,000 in year 2 and $4,000 in year 3. The project would require a $14,500 investment. What is the cash payback period of the project?

__ years

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