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A project has the following cash flows: Project Year Cash Flows 0 -$4,475.00 1 $2,302.00 2 $2,302.00 3 $2,302.00 4 $2,302.00 Its cost of capital
| A project has the following cash flows: |
| Project |
| Year Cash Flows |
| 0 -$4,475.00 |
| 1 $2,302.00 |
| 2 $2,302.00 |
| 3 $2,302.00 |
| 4 $2,302.00 |
| Its cost of capital is 10.2 percent. What is the projects discounted payback period? |
Group of answer choices
2.29 years
1.49 years
1.69 years
1.89 years
2.09 years
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
