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What is the traditional payback period (PB) of a project that costs $450,000 if it is expected to generate $120,000 per year for 5 years?

What is the traditional payback period (PB) of a project that costs $450,000 if it is expected to generate $120,000 per year for 5 years? If the firm's required rate of return is 11%, what is the projects's discounted payback period (DPB)?

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