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A firm is considering a new project with an initial cost of $ 5 4 , 7 8 0 and a discount rate of 1

A firm is considering a new project with an initial cost of $54,780 and a discount rate of 14 percent. The project is expected to have cash inflows of $27,000 per year for three years. What is the discounted payback period?
Multiple Choice
2.17 years
2.11 years
2.62 years
2.57 years
Never
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