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7. An investment project costs $33,000 and has annual cash flows of $8,800 for six years. a) What is the discounted payback period if the

7. An investment project costs $33,000 and has annual cash flows of $8,800 for six years.
a) What is the discounted payback period if the discount rate is zero percent?
b) What if the discount rate is 10 percent?
c) If it is 20 percent?

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