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An investment project has annual cash inflows of $4,177, $3,955, $4,058, and $3,192 for the next four years, respectively, and a discount rate of 15%.
An investment project has annual cash inflows of $4,177, $3,955, $4,058, and $3,192 for the next four years, respectively, and a discount rate of 15%. What is the discounted payback if the initial investment is $8,000? (Round answer to O decimal places. Do not round intermediate calculations)
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