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An investment project has annual cash inflows of $5,600, $6,700, $7,500 for the next four years, respectively, and $8,800, and a discount rate of 12

An investment project has annual cash inflows of $5,600, $6,700, $7,500 for the next four years, respectively, and $8,800, and a discount rate of 12 percent.

What is the discounted payback period for these cash flows if the initial cost is $9,000?

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