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Management at LCD Soundsystem Design Co. is evaluating a project with an initial cost of $100,000 and a required return of 9 percent. The project

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Management at LCD Soundsystem Design Co. is evaluating a project with an initial cost of $100,000 and a required return of 9 percent. The project will have the following future cash flows: Cash Year Flow 1 $26,000 2 $37,500 3 $32,700 4 $34,400 5 $33,400 What is the discounted payback period of the project

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