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2. A company with a 10% required rate of return is evaluating a $35,000 capital budgeting proposal. The anticipated cash inflows from this project are

2. A company with a 10% required rate of return is evaluating a $35,000 capital budgeting proposal. The anticipated cash inflows from this project are shown below.

Year 1 - $10,000

Year 2 -$20,000

Year 3 -$30,000

The discounted payback period for this project is

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