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If a project costs $1,300 to start and earns $300, $400, $500, and $600 in the next years, respectively. Its discount rate is 8%. What

If a project costs $1,300 to start and earns $300, $400, $500, and $600 in the next years, respectively. Its discount rate is 8%. What is the project's payback period? Discounted payback period?

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