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Calculate the discounted payback period (Discount rate = 9%) for the following project. Year 0 1 2 3 4 5 Cash flows -$1,100 $500 $600

Calculate the discounted payback period (Discount rate = 9%) for the following project.

Year

0

1

2

3

4

5

Cash flows

-$1,100

$500

$600

$490

$200

$300

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