An investment project has annual cash inflows of $5,100, $5,700, $6,200, and $6,400, and a discount rate
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An investment project has annual cash inflows of $5,100, $5,700, $6,200, and $6,400, and a discount rate of 12 percent. What is the discounted payback period for these cash flows if the initial cost is $9,500?
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