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Hat Inc. is evaluating a project that costs $450,000. The project is forecast to generate cash flows of $250,000 in the first year, $150,000 in

Hat Inc. is evaluating a project that costs $450,000. The project is forecast to generate cash flows of $250,000 in the first year, $150,000 in the second year, $200,000 in the third year, and $100,000 per year for the following two years. Hat has a cost of capital of 10%. What is the discounted payback period of this project

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