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Polk Products is considering an investment project with the following cash flows: Year Cash Flow 0 -$100,000 1 40,000 2 90,000 3 30,000 4 60,000

Polk Products is considering an investment project with the following cash flows:

Year Cash Flow

0 -$100,000

1 40,000

2 90,000

3 30,000

4 60,000

The company has a 10 percent cost of capital. What is the project's discounted payback?

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