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A project requires an investment of $ 2 , 3 0 0 and generates cash flows of $ 6 0 0 , $ 7 5

A project requires an investment of $2,300 and generates cash flows of $600, $750, $800, $1,000 over years one through four. Calculate the projects payback period and discounted payback period at a rate of 14%.
3.15 years; never
2 years; 4 years
4 years; 0 years
3 years; 1 year

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