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An investment project costs $ 1 4 , 1 0 0 and has annual cash flows of $ 3 , 2 0 0 for six

An investment project costs $14,100 and has annual cash flows of $3,200 for six years.
a. What is the discounted payback period if the discount rate is zero percent?
Discounted payback period
b. What is the discounted payback period if the discount rate is 3 percent?
Discounted payback perid
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