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Can you please further explain how to calculate PVIF at 2 0 % , PV at 2 0 % and cumulative PV ? I also

Can you please further explain how to calculate PVIF at

20 %,

PV at

20 %

and cumulative PV

?

I also do not understand how to get to the discounted payback period formula of

345 / 2371 = 5.15

years. Please explain. TIA!!!!

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