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An Investment project has annual cash Inflows of $4,400, $5,500, $6,300 for the next four years, respectively, and $7,600, and a discount rate of 11

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An Investment project has annual cash Inflows of $4,400, $5,500, $6,300 for the next four years, respectively, and $7,600, and a discount rate of 11 percent. What is the discounted payback period for these cash flows if the Initial cost is $7,500? Multiple Choice 0.79 years 254 years 1.29 years 3.58 years 179 years

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