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An investment project costs $12,900 and has annual cash flows of $3,300 for six years. a. What is the discounted payback period if the discount

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An investment project costs $12,900 and has annual cash flows of $3,300 for six years. a. What is the discounted payback period if the discount rate is zero percent? b. What is the discounted payback period if the discount rate is 5 percent

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