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Question 4 1 point) Liste A firm is considering a project that has an up-front cost of $20 milion. The project is expected to generate

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Question 4 1 point) Liste A firm is considering a project that has an up-front cost of $20 milion. The project is expected to generate a cash flow of $0 in year 1 and $5 million in year 2. Starting in year 3, each annual cash flow is expected to grow by 3% over the prior year's cash Mow. The appropriate discount rate for this project is 7% per year compounded anually. What is the discounted payback period for this project? 6 years 5 years 4 years 3 years

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