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Calculate the payback period and discounted payback period for following After Tax Cash Flow, assuming minimum discount rate of 6%. Please show your work and

Calculate the payback period and discounted payback period for following After Tax Cash Flow, assuming minimum discount rate of 6%. Please show your work and include all the required equations.

Year 0 1 2 3 4 5 6 7 8
ATCF -5,000 -4,000 2,000 2,000 1,800 1,800 1,800 1,600 1,600

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