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Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this

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Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively Time: Cash flow: 0 -54,900 $1,220 $2,420 61, 620 $1,620 41.420 41,220 Use the discounted payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Discounted payback years

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