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6) A cash flow involves an initial investment of $1, 000 and then generates $70 revenue at the end of each year, starting one year
6) A cash flow involves an initial investment of $1, 000 and then generates $70 revenue at the end of each year, starting one year after the initial $1, 000 investment. Find the payback period and discounted payback period (the latter at an effective annual rate of 4%.)
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