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Talent Inc. is considering a project that has the following cash flow data. (a) What is the project's payback period? (b) What is the project's

Talent Inc. is considering a project that has the following cash flow data.

(a) What is the project's payback period?

(b) What is the project's discounted payback period?

Assume the cost of capital is 12%.

Year0123

Cash flows-$1,150$500$500$600

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