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A project costs $5,000 at t = 0 and will generate annual cash flows of $1,400 for 5 years, starting at t = 1. The
A project costs $5,000 at t = 0 and will generate annual cash flows of $1,400 for 5 years, starting at t = 1. The discount rate is 6%.
What is the payback period?
What is the discounted payback period?
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