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A project has an initial cost of $ 4 0 , 0 0 0 , expected net cash inflows of $ 9 , 0 0
A project has an initial cost of $ expected net cash inflows of $ per year for years, and a cost of capital of What is the project's discounted payback period? Hint: Begin by constructing a time line. Do not round intermediate calculations. Round your answer to two decimal places.
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