An investment project has annual cash inflows of $4,465, $3,709, $4,440, and $3,623 for the...
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An investment project has annual cash inflows of $4,465, $3,709, $4,440, and $3,623 for the next four years, respectively, and a discount rate of 16%. What is the discounted payback if the initial investment is $5,500? (Round answer to 2 decimal places. Do not round intermediate calculations)
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