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Norbert is considering a project with an initial value of $90,000. Cash inflows during the next 6 years will be $35,000 per year and the

Norbert is considering a project with an initial value of $90,000. Cash inflows during the next 6 years will be $35,000 per year and the discount rate is 10%. Given this information, provide the project's discounted payback period.

Options

a. 4.12 years

b. 4.23 years

c. 3.12 years

d. 3.57 years

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