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An investment project has annual cash inflows of $4,700, $5,800, $6,600, and $7,900, and a discount rate of 14 percent. Required: What is the discounted

An investment project has annual cash inflows of $4,700, $5,800, $6,600, and $7,900, and a discount rate of 14 percent. Required: What is the discounted payback period for these cash flows if the initial cost is $8,000? (Do not round your intermediate calculations.)

rev: 09_18_2012

a)1.87 years

b)3.74 years

c)1.37 years

d)0.87 years

e)2.62 years

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