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An investment project costs $ 2 0 , 1 0 0 and has annual cash flows of $ 4 , 5 0 0 for six

An investment project costs $20,100 and has annual cash flows of $4,500 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 6 percent?
c. What is the discounted payback period if the discount rate is 20 percent?

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