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An investment project has annual cash inflows of $5,100, $6,200, $7,000 for the next four years, respectively, and $8,300, and a discount rate of 18

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An investment project has annual cash inflows of $5,100, $6,200, $7,000 for the next four years, respectively, and $8,300, and a discount rate of 18 percent. What is the discounted payback period for these cash flows if the initial cost is $8,000? Multiple Choice 3.66 years 2.58 years 0.83 years 1.33 years

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