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Problem 10-06 Discounted Payback A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 7 years, and a

Problem 10-06

Discounted Payback

A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 13%. What is the project's discounted payback period? Round your answer to two decimal places.

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