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This is your plan for facility remodeling. The initial cost of the project is $ 2 0 , 0 0 0 , with an expected

This is your plan for facility remodeling. The initial cost of the project is $20,000, with an expected annual profit of $11,000. Assuming a discount rate of 10%, the cash flow of this project is as follows:
(Today) $20,000
(1 year later)+$11,000
(2 years later)+$11,000
(3 years later)+$11,000
(A) What is the payback period for this project? Round your answer to the third decimal place, and then indicate the value of the second decimal place. (5 points) Blank 1
(B) What is the discounted payback period for this project? Round your answer to the third decimal place, and then indicate the value of the second decimal place. (5 points) Blank 2
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