What is the discounted payback period

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A project has an initial cost of $8,800 and produces cash inflows of $2,800, $4,900, and $1,600 over the next three years, respectively. What is the discounted payback period if the required rate of return is 7 percent?

never

2.30 years

2.15 years

2.95 years

2.69 years

Reference no: EM131510976

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