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Discounted payback period for these cash flows

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An investment project has annual cash inflows of $9,000, $8,500, $8,000, and $7,300, and a discount rate of 10 percent. If the initial cost is $23,700, the discounted payback period for these cash flows is years. (Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM132444637

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