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North is considering a project with the following cash flows Cash Flows 0 -$55,000 1 $11,713 2 $15,036 3 $18,989 4 $47,394 5 $74,425 What
North is considering a project with the following cash flows
Cash Flows | |
0 | -$55,000 |
1 | $11,713 |
2 | $15,036 |
3 | $18,989 |
4 | $47,394 |
5 | $74,425 |
What is the discounted payback period for this project if the appropriate discount rate is 7 percent?
Enter the final answer with two decimals (e.g.5.55)
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