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A proposed project is anticipated to cost $140,000 and is anticipated to generate net cash inflows of $36,000 per annum over the next 7 years.

A proposed project is anticipated to cost $140,000 and is anticipated to generate net cash inflows of $36,000 per annum over the next 7 years. Assuming a firm's cost of capital is 12% per annum, what is the discounted payback period of this project? ANSWER = Blank 1 (zero decimal places)

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