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A project has an initial cost of $75,000, expected net cash inflows of $18,000 per year for 7 years, and a cost of capital of

A project has an initial cost of $75,000, expected net cash inflows of $18,000 per year for 7 years, and a cost of capital of 12%.What is the discounted payback period for thefollowing project assuming a cost of capital of 12%?

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