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QUESTION 4 An investment project costs $21,500 and has annual cash flows of $6,500 for 6 years. If the discount rate is 15 percent, what

QUESTION 4

An investment project costs $21,500 and has annual cash flows of $6,500 for 6 years. If the discount rate is 15 percent, what is the discounted payback period?

4.41 years

4.91 years

5.12 years

5.40 years

never

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