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An investment project costs $18,500 and has annual cash flows of $4,400 for six years. Required : (a) What is the discounted payback period if

An investment project costs $18,500 and has annual cash flows of $4,400 for six years. Required : (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 4 percent? (c) What is the discounted payback period if the discount rate is 19 percent?

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