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You are planning to open a restaurant in Brickell. Following the initial investment of $1,066,020, the expected cash flows over the next 4 years
You are planning to open a restaurant in Brickell. Following the initial investment of $1,066,020, 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 $481,014 2 $428,168 3 $483,648 4 $334,423 *Round your answer to the nearest two decimals
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