What is the discounted payback period

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What is the Discounted Payback Period? Given the following information: The company uses a 11% discount rate as a threshold for accepting capital projects. The project costs $1.9 million and it will last 5 years. The project will return the following: Year 1 $400,000 Year 2 $500,000 Year 3 $650,000 Year 4 $900,000 Year 5 $600,000

Reference no: EM132444208

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