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A project has the following cash flows: Project Year Cash Flows 0 -$4,724.00 1 $2,421.00 2 $2,421.00 3 $2,421.00 4 $2,421.00 Its cost of capital
A project has the following cash flows: |
Project |
Year Cash Flows |
0 -$4,724.00 |
1 $2,421.00 |
2 $2,421.00 |
3 $2,421.00 |
4 $2,421.00 |
Its cost of capital is 11.3 percent. What is the projects discounted payback period? |
Group of answer choices
2.54 years
2.14 years
2.34 years
1.94 years
2.74 years
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