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9. A project is expected to cost $50,000 upfront, but then generate returns of $15,000 per year for six years. What is the precise discounted
9. A project is expected to cost $50,000 upfront, but then generate returns of $15,000 per year for six years. What is the precise discounted payback period, assuming a discount rate of r = 4%? (A timeline with a vertical running-total column is required for this problem.)
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