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Bonus: A firm with a 13.5 percent cost of capital is considering a project for this years capital budget. The projects expected after-tax cash flows
Bonus: A firm with a 13.5 percent cost of capital is considering a project for this years capital budget. The projects expected after-tax cash flows are as follows:
| Year: | 0 | 1 | 2 | 3 | 4 |
| Cash flow: | -$5,000 | $2,100 | $2,400 | $2,100 | $2,200 |
Calculate the projects discounted payback period.
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