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An investment project has annual cash inflows of: Year Cash Flow 0 1 2 3 -96,000 34,000 39,000 32,000 19,000 17,200 35,300 4 5 6
An investment project has annual cash inflows of: Year Cash Flow 0 1 2 3 -96,000 34,000 39,000 32,000 19,000 17,200 35,300 4 5 6 The discount rate is 14% What is the discounted payback period for these cash flows if the initial cost is $96,000? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
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