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Peaceful Cruises wants to build a new cruise ship that has an initial investment of $ 1 0 0 million. It is estimated to provide

Peaceful Cruises wants to build a new cruise ship that has an initial investment of $100 million. It is estimated to provide an annual cash flow over the next 20
years of $16 million per year. The discount rate is 11%.
What is the discounted payback period? Enter your answer rounded to two decimal places.
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