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Redesign Inc. is considering a project that has the following cash flow data. (a) What is the project's payback period? (b) What is the project's

Redesign Inc. is considering a project that has the following cash flow data.

(a) What is the project's payback period?

(b) What is the project's discounted payback period?

Assume the cost of capital is 7%.

Year 0 1 2 3

Cash flows -$500 $200 $200 $200

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