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A project has an initial cost of $10,800 and produces cash inflows of $4,100, $4,800 and $5,600 over years 1 to 3, respectively. What is

A project has an initial cost of $10,800 and produces cash inflows of $4,100, $4,800 and $5,600 over years 1 to 3, respectively. What is the discounted payback period if the required rate of return is 11 percent?

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