A project is projected to cost $2,000,000 to undertake. It will generate positive cash inflows...
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A project is projected to cost $2,000,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $750,000; Year 2 240,000; Year 3 - $375,000; Year 4 950,000; Year 5 978,000. What is the projects discounted payback, given a 7% required rate of return?
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