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A project has an initial cost of $28,400 and produces cash inflows of $7,200, $13,900, and $12,800 over three years, respectively. What is the discounted

A project has an initial cost of $28,400 and produces cash inflows of $7,200, $13,900, and $12,800 over three years, respectively. What is the discounted payback period of the required rate of return is 16 percent?

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