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Question 24: An investment project costs $18,900 and has annual cash flows of $4,400 for six years. a. What is the discounted payback period if

Question 24: An investment project costs $18,900 and has annual cash flows of $4,400 for six years. a. What is the discounted payback period if the discount rate is zero percent? b. What is the discounted payback period if the discount rate is 6 percent? c. What is the discounted payback period if the discount rate is 20 percent?

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