An investment project has annual cash inflows of 28,000 one year from now, 43,400 two...

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Finance

An investment project has annual cash inflows of 28,000 one year from now, 43,400 two years from now, 56,000 three years from now and 62,500 four years from now, and a discount rate of 14 per cent.

What is the discounted payback period for these cash flows if the initial cost is 131,000?

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