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Baxter's Market is considering opening a new location with an initial cost of $428,700. This location is expected to generate cash flows of $132,400, $161,500,

Baxter's Market is considering opening a new location with an initial cost of $428,700. This location is expected to generate cash flows of $132,400, $161,500, $187,800, and $201,000 in Years 1 to 4. What is the discounted payback assuming the discount rate is 6%?

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