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A project has an initial cost of $8,800 and produces cash inflows of $2,700, $5,100, and $1,600 over the next three years, respectively. What is
A project has an initial cost of $8,800 and produces cash inflows of $2,700, $5,100, and $1,600 over the next three years, respectively. What is the discounted payback period if the required rate of return is7 percent? 2.15 years O 2.94 years never O 2.29 years 2.62 years
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