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A company is considering an investment project that will cost $500,000 today and generate annual cash flows of $250,000 per year over the next four
A company is considering an investment project that will cost $500,000 today and generate annual cash flows of $250,000 per year over the next four years. If the annual required return is 15%, what is the discounted payback period (rounded to the first decimal)?
1.8 years
2.0 years
2.2 years
2.4 years
2.6 years
2.8 years
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