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Question 19 1 pts 19) Refer to the Capital Budgeting Narrative. What is the Discounted...

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Question 19 1 pts 19) Refer to the Capital Budgeting Narrative. What is the Discounted Payback Period of the project?! Capital Budgeting Narrative (Use the following information for questions referring to the narrative. Izmir Estate is considering a new project. The initial investment required is $87,144.41 and the cost of capital is 9%. Expected cash flows over the next four years are given below. Years Cash Flow ($) 14,000 38,000 28,000 60,000 3.1 years 28 years 3.5 years 3.6 years 2.7 years

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