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A project manager is using the payback method to make the final decision on which project to undertake. The company has a 20% required rate

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A project manager is using the payback method to make the final decision on which project to undertake. The company has a 20% required rate of return and expects a 3% rate of inflation for the following five years. What is the discount factor for Year 3? O 0.66 0.81 O 0.44 0.54

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