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A project has an expected cash inflow of $ 5 0 , 0 0 0 in year 1 , $ 4 0 , 0 0

A project has an expected cash inflow of $50,000 in year 1, $40,000 in year 2, and $30,000 in year 3. If the discount rate is 12% and initial investment is $80,000, what is the project's discounted payback period ?

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