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Calculate the Discounted Payback Period of the next project, if the cost of capital is 9% Initial Investment = $50,000 Year Cash Flows 1 $15,000

Calculate the Discounted Payback Period of the next project, if the cost of capital is 9%

Initial Investment = $50,000

Year Cash Flows

1 $15,000

2 $12,000

3 $16,000

4 $20,000

5 $21,000

6 $19,000

PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES

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