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26) An investment project has an initial cost of $250 and cash flows $75, $105, $100, and $50 for Years 1 to 4, respectively. The

26) An investment project has an initial cost of $250 and cash flows $75, $105, $100, and $50 for Years 1 to 4, respectively. The cost of capital is 11 percent. What is the discounted payback period?

4.7 years

2.7 years

3.7 years

never

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