What is the discounted payback if the initial investment

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An investment project has annual cash inflows of $4614, $3848, $4363, and $3021 for the next four years, respectively, and a discount rate of 12%.

What is the discounted payback if the initial investment is $8,000? (Round answer to 2 decimal places. Do not round intermediate calculations)

Reference no: EM131972734

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