An investment project costs 21500 and has annual cash flows

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An investment project costs $21,500 and has annual cash flows of $6,500 for 6 years. If the discount rate is 15 percent, what is the discounted payback period?

a. 4.41 years

b. 4.91 years

c. 5.12 years

d. 5.40 years

e. never

Reference no: EM13479158

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