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A project has an initial cost of $8,800 and produces cash inflows of $2,700, $5,000, and $1,700 over the next three years, respectively. What is

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A project has an initial cost of $8,800 and produces cash inflows of $2,700, $5,000, and $1,700 over the next three years, respectively. What is the discounted payback period if the required rate of return is 7 percent? Multiple choice 2.16 years 2.29 years never 265 years 2.94 years

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