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23) A company financial analyst estimates that a project that will cost $150,000 will return the following cash flows: Year 1 $45,000 Year 2 $55,000

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23) A company financial analyst estimates that a project that will cost $150,000 will return the following cash flows: Year 1 $45,000 Year 2 $55,000 Year 3 $60,000 year 4 $85,000 Year 5 $90,000 Calculate the discounted payback period if required rate of return is 10%

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