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A project requires an initial investment of $15,000 and has annual cash flows of $3,000 for 20 years. If the discount rate is 10%, what

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A project requires an initial investment of $15,000 and has annual cash flows of $3,000 for 20 years. If the discount rate is 10%, what is the discounted payback period? Multiple Choice 5 years 6 years 7 years 8 years

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