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Peaceful Cruises wants to build a new cruise ship that has an initial investment of $ 4 5 0 million. It is estimated to provide

Peaceful Cruises wants to build a new cruise ship that has an initial investment of $450 million. It is estimated to provide an annual cash flow over the next 15
years of $50 million per year. The discount rate is 7%.
What is the discounted payback period? Enter your answer rounded to two decimal places
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