North is considering a project with the following cash flows ...
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Accounting
North is considering a project with the following cash flows
| Cash Flows | |
| 0 | -$55,000 |
| 1 | $12,591 |
| 2 | $15,340 |
| 3 | $19,798 |
| 4 | $46,795 |
| 5 | $71,147 |
What is the discounted payback period for this project if the appropriate discount rate is 8 percent?
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