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An investment project has annual cash inflows of $4,697, $3,842, $4,744, and $3,696 for the next four years, respectively, and a discount rate of 14%.

An investment project has annual cash inflows of $4,697, $3,842, $4,744, and $3,696 for the next four years, respectively, and a discount rate of 14%.

What is the discounted payback if the initial investment is $8,000?

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