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Scott is considering a project that will produce cash inflows of $2,100 a year for 4 years. The project has a 12 percent required rate of return and an initial cost of $6,000. What is the discounted payback period?
Please show work, thanks :)Options:a) 3.72 yearsb) 3.91 yearsc) 4.26 yearsd) 4.38 years
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