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4. An investment project costs $13,700 and has annual cash flows of $3,400 for six years. a. What is the discounted payback period if the

An investment project costs $13,700 and has annual cash flows of $3,400 for six years.

a. What is the discounted payback period if the discount rate is zero percent?

b. What is the discounted payback period if the discount rate is 5 percent?

c. What is the discounted payback period if the discount rate is 21 percent?

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