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DISCOUNTED PAYBACK Project K costs $65,125, its expected cash inflows are $14,000 per year for 8 years, and its WACC is 12%. What is the

DISCOUNTED PAYBACK Project K costs $65,125, its expected cash inflows are $14,000 per year for 8 years, and its WACC is 12%. What is the project's discounted payback? Round to TWO decimal places.

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