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5. Shannon Industries is considering a project which requires $125,000,000 of initial cash outlay and generates cash inflows of $18,000,000 per year for the next

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5. Shannon Industries is considering a project which requires $125,000,000 of initial cash outlay and generates cash inflows of $18,000,000 per year for the next 15 years. The 11.64% IRR of the project seems to be quite attractive given the company's 8.83% cost of capital. However, the CFO also wants to know the discounted- payback period of the project. As a recently hired assistant to the company's CFO, compute the discounted payback period for the project

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