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An investment project has annual cash inflows of $3,700, $4,800, $6,300, and $5,400, for the next four years, respectively. The discount rate is 12 percent.

An investment project has annual cash inflows of $3,700, $4,800, $6,300, and $5,400, for the next four years, respectively. The discount rate is 12 percent.

a) What is the discounted payback period if the initial cost is $6,200? b) What is the discounted payback period if the initial cost is $9,600?

c) What is the discounted payback period if the initial cost is $11,800?

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