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You are planning to open a restaurant in Brickell. Following the initial investment of $1,042,848, the expected cash flows over the next 4 years are

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You are planning to open a restaurant in Brickell. Following the initial investment of $1,042,848, the expected cash flows over the next 4 years are as follows. What is the discounted payback period of this project? Assume the discount rate is 4% t Cash Flows 1 $329,898 2 $376,670 3 $167,386 4 $408,950 * Round your answer to the nearest two decimals

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