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What is the discounted payback period for the following set of cash flows? The appropriate...

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Finance

What is the discounted payback period for the following set of cash flows? The appropriate discount rate for these cash flows is 10%.

Year 0: ($6,100)

Year 1: $2,600

Year 2: $2,700

Year 3: $1,200

Year 4: $3,000

Select one:

a.2.33 years

b.2.67 years

c.never

d.3.29 years

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