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Bey Bikes is considering a project that has the following cash flow and WACC data. What is the projects discounted payback? Initial investment (1,080.00) Cash

Bey Bikes is considering a project that has the following cash flow and WACC data. What is the projects discounted payback?

Initial investment (1,080.00)
Cash flow-yr-1 640.00
Cash flow-yr-2 608.00
Cash flow-yr-3 576.00
Cash flow-yr-4 486.40
WACC 11.0%

A.

1.72 yrs

B.

1.50 yrs

C.

2.02 yrs

D.

2.40 yrs

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