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An investment with an initial cost of $15,000 produces cash flows of $5,000 annually for 5 years with each cash flow spread evenly over its
An investment with an initial cost of $15,000 produces cash flows of $5,000 annually for 5 years with each cash flow spread evenly over its respective year. At a discount rate of 10 percent, what is the discounted payback period? 3.00 years 3.75 years 3.89 years 3.21 years never
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