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An investment project has annual cash inflows of $5,800, $6,900, $7,700 for the next four years, respectively, and $9,000, and a discount rate of 14

An investment project has annual cash inflows of $5,800, $6,900, $7,700 for the next four years, respectively, and $9,000, and a discount rate of 14 percent. What is the discounted payback period for these cash flows if the initial cost is $9,000? Multiple Choice 0 0.74 years O 2.49 years 1.24 years 1.74 years 3.48 years

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