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Peter Pan (Pty) Ltd is considering a project that has the following cash flows and cost of capital (r) data. What is the project's discounted

Peter Pan (Pty) Ltd is considering a project that has the following cash flows and cost of capital (r) data. What is the project's discounted payback?

r = 10%

Year 0 : cash flow = - R950 Year 1: cash flow = R525 Year 2 : cash flow =R485 Year 3: cash flow = R445 Year 4: cash flow= R405

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