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9) Assume that today is 7/21/22. The owner of Jacob P. Corp is thinking about investing in a project with an initial cost of $700

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9) Assume that today is 7/21/22. The owner of Jacob P. Corp is thinking about investing in a project with an initial cost of $700 today (cost $700 on 7/21/22). The project has annual cash inflows of $400 one year from today, $300 two years from today, $200 three years from today, $250 four years from today, and $200 five yegrs from today. The discount rate is 25%. What is the discounted payback period of the project

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