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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, respectively. The interest rate

image text in transcribed Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, respectively. The interest rate is 6%. Enter your answer rounded to 2 DECIMAL PLACES. What is the discounted payback period? If the firm requires a discounted payback periods 4 years or less, will the project be accepted

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