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An investment project costs $15,700 and has annual cash flows of $4,000 for six years. a) What is the discounted payback period if the discount
An investment project costs $15,700 and has annual cash flows of $4,000 for six years.
a) What is the discounted payback period if the discount rate is 6 percent?
b) What is the discounted payback period if the discount rate is 19 percent?
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