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jill is considering buying 200 acres of land for $2 million. she wants to lease the land which will profit $600,000 in the first yr,
jill is considering buying 200 acres of land for $2 million. she wants to lease the land which will profit $600,000 in the first yr, $850,000 in the second, and $550,000 in yrs 3-6. what are the payback period and discounted payback period on the investment if her required rate of return is 12%?
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