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An investment opportunity costing $150,000 is expected to yield net cash flows of $36,000 annually for six years. The discounted payback period of the investment
An investment opportunity costing $150,000 is expected to yield net cash flows of $36,000 annually for six years. The discounted payback period of the investment at a cutoff rate of 12% would be? Round off all PV factors to three decimal places.
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