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Carol is hoping that an investment of 2900 would provide additional revenue to the store of 18,000 per year for 3 years. Her partner and

Carol is hoping that an investment of 2900 would provide additional revenue to the store of 18,000 per year for 3 years. Her partner and crime Steven is confident that a larger investment of 39,700 will be required to bring in steady flow of 23,000 in new revenue per year for 3 years.

Determine the discounted payback. For each investment the company requires rate of return is 9%

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