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Project L costs $20,000 and is expected to produce cash flows of $,6800 per year for 6 years. Calculate the project's Discounted Payback Period assuming

  1. Project L costs $20,000 and is expected to produce cash flows of $,6800 per year for 6 years. Calculate the project's Discounted Payback Period assuming a cost of capital of 15%.

    6.00 years

    2.04 years

    2.94 years

    3.83 years

    4.17 years

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