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Project X has an initial cost of $68,893, and its expected net cash inflows are $13,500 per year for 8 years. The firm has a

Project X has an initial cost of $68,893, and its expected net cash inflows are $13,500 per year for 8 years. The firm has a WACC of 7 percent, and Project Xs risk would be similar to that of the firms existing assets. Calculate the discounted payback period of Project X.

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