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An investment project has annual cash inflows of $4,111, $3,478, $4,566, and $3,828 for the...

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An investment project has annual cash inflows of $4,111, $3,478, $4,566, and $3,828 for the next four years, respectively, and a discount rate of 16%. What is the discounted payback if the initial investment is $8,000? (Round answer to 2 decimal places. Do not round intermediate calculations)

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