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8. Polk Products is considering an investment project with the following cash ows: m Cash Flow 0 -$100,000 1 40,000 2 90,000 3 30,000 4

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8. Polk Products is considering an investment project with the following cash ows: m Cash Flow 0 -$100,000 1 40,000 2 90,000 3 30,000 4 60,000 The company has a 10 percent cost of capital. What is the project's discounted payback? a. 1.67 years b. 1.86 years c. 2.11 years d. 2.49 years e. 2.67 years

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