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A firm with a 14% WACC is evaluating one project for this year's capital budget. After-tax cash flows, including depreciation are attached. What is the

A firm with a 14% WACC is evaluating one project for this year's capital budget. After-tax cash flows, including depreciation are attached. What is the discounted payback for this project?

0....................1.....................2.....................3...................4..................5

-18,000.......5,600...............5,600.............5,600.............5,600...........5,600

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