An investment with an initial cost of $15,000 produces cash flows of $5,000 per year...
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Accounting
An investment with an initial cost of $15,000 produces cash flows of $5,000 per year for 4 years from year 1 to year 4. What is the discounted payback period if the required rate of return is 10%?
Group of answer choices
3 years
3.25 years
Never
3.75 years
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