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An investment project has annual cash inflows of $4,700, $5,800, $6,600 for the next four years, respectively, and $7,900, and a discount rate of 14
An investment project has annual cash inflows of $4,700, $5,800, $6,600 for the next four years, respectively, and $7,900, and a discount rate of 14 percent. What is the discounted payback period for these cash flows if the initial cost is $8,000?
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