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An investment project has annual cash inflows of $6,100, $7,200, $8,000 for the next four years, respectively, and $9,300, and a discount rate of 17
An investment project has annual cash inflows of $6,100, $7,200, $8,000 for the next four years, respectively, and $9,300, and a discount rate of 17 percent. What is the discounted payback period for these cash flows if the initial cost is $9,500?
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