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( 6 points ) An investment costs $ 2 0 0 , 0 0 0 to start and provides $ 6 0 , 0 0

(6 points) An investment costs $200,000 to start and provides $60,000,$65,000,$80,000,
and $150,000 in returns over four years. If the cost of capital (discount rate) is 8%, what is
the discounted payback period?
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