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A project has an initial cost of $ 1 0 , 6 0 0 and produces cash inflows of $ 3 , 7 0 0

A project has an initial cost of $10,600 and produces cash inflows of $3,700, $4,900, and $2,500 for Years 1 to 3, respectively. What is the discounted payback period if the required rate of return is 7.5 percent?
A)2.65 years
B)2.78 years
C)2.94 years
D)2.88 years
E) Never

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