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Sheinhardt Wig Company is considering a project that has the following cash flows: YEAR PROJECT CASH FLOW 0 $80,000 1 10,000 2 60,000 3 60,000

Sheinhardt Wig Company is considering a project that has the following cash flows:

YEAR

PROJECT

CASH FLOW

0

$80,000

1

10,000

2

60,000

3

60,000

4

45,000

5

35,000

If the project's appropriate discount rate is 9 percent, what is the project's discounted payback period?

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