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You are planning to open a restaurant in Brickell. Following the initial investment of $1,015,172, the expected cash flows over the next 5 years are

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You are planning to open a restaurant in Brickell. Following the initial investment of $1,015,172, the expected cash flows over the next 5 years are as follows. What is the discounted payback period of this project? Assume the discount rate is 4% t Cash Flows 1$489,897 2$339,571 3$431,378 4$342,918 "Round your answer to the nearest two decimals

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