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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $16,000,$15,000,$20,000,$15,000, and $19,000, respectively. The interest rate
Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $16,000,$15,000,$20,000,$15,000, and $19,000, respectively. The interest rate is 10%. What is the discounted payback period? (Enter only whole numbers)
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