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Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $15,000, $17,000, $13,000, $15,000, and $19,000, respectively.
Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $15,000, $17,000, $13,000, $15,000, and $19,000, respectively. The interest rate is 5%. Enter your answer rounded to 2 DECIMAL PLACES. What is the discounted payback period?
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