An investment project has annual cash inflows of $4,400, $4,500, S6,300, and $7,800 for the...
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An investment project has annual cash inflows of $4,400, $4,500, S6,300, and $7,800 for the next four years, respectively. The discount rate is 12 percent. What is the discounted payback period for these cash flows if the initial cost is $15,000? Enter your answer as years with 2 digits to the right of the decimal point in the box shown below. Your
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