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An investment project has annual cash inflows of $3,600, $5,100. $6,000, and $8,200 for the next four years, respectively. The discount rate is 12 percent.
An investment project has annual cash inflows of $3,600, $5,100. $6,000, and $8,200 for the next four years, respectively. The discount rate is 12 percent. What is the discounted payback period for these cash flows if the initial cost is $15,000? Enter your answer as years with 2 digits to the right of the decimal point in the box shown below
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