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A project has an initial cost of $18,400 and produces cash inflows of $7,200, $8,900, and $7,500 over three years, respectively. What is the discounted
- A project has an initial cost of $18,400 and produces cash inflows of $7,200, $8,900, and $7,500 over three years, respectively. What is the discounted payback period if the required return is 16 percent? (3 points)
- 2.31 years
- 2.45 years
- 2.55 years
- 2.62 years
- It does not payback within 3 years
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