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A project has an initial cash outflow of $1,110 and cash inflows of $315 per year for 4 years. What is the discounted payback period

A project has an initial cash outflow of $1,110 and cash inflows of $315 per year for 4 years. What is the discounted payback period at a discount rate of 9.1 percent?

Never

3.84 years

3.53 years

2.91 years

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