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A project has an initial cost of $8,900 and produces cash inflows of $2,600, $4,900, and $1,600 over the next three years, respectively. What is

A project has an initial cost of $8,900 and produces cash inflows of $2,600, $4,900, and $1,600 over the next three years, respectively. What is the discounted payback period if the required rate of return is 7 percent?

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