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Do not use excel for this question. Only a formula. Sam Tin Associates is considering a project that has the following cash flow data. What

Do not use excel for this question. Only a formula. Sam Tin Associates is considering a project that has the following cash flow data. What is the projects discounted payback period? He estimates its cost of capital to be 10%.

CF0=-1000; CF1=300; CF2=310; CF3=320; CF4=330; CF5=340

4.02 years

4.5 years

4.1 years

3.21 years

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