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An investment project costs $20,200 and has annual cash flows of $4,000 for six years. Required : (a) What is the discounted payback period if

An investment project costs $20,200 and has annual cash flows of $4,000 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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