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A project has an initial cost of 100000 and cash inflows of

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A project has an initial cost of $100,000, and cash inflows of $40,000, $30,000, $20,000, $15,000, $10,000, and $10,000 at the end of each of the next 6 years. What is the approximate discounted payback period for this project if the required rate of return is 8%?

Reference no: EM13571804

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