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Q3: (20 marks) a) The cost of a proposed project is $100,000 and has annual cash flows of $29,000 for six years. a. What is

Q3: (20 marks) a) The cost of a proposed project is $100,000 and has annual cash flows of $29,000 for six years. a. What is the discounted payback period if the discount rate is 5%? b. What is the discounted payback period of the discount rate is 10%? c. What is the discounted payback period if the discount rate is 20%

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