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Question 44 (1 point) The following four-year project has an initial cost of $1,000,000. The future cash inflows for the next four years are $600,000,
Question 44 (1 point) The following four-year project has an initial cost of $1,000,000. The future cash inflows for the next four years are $600,000, $500,000, $400,000, and $400,000, respectively. If the rate of return is 12%, determine the discounted payback period for this project. 1.94 years 1.74 years 2.23 years 2.74 years 2.44 years
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