What is the discounted payback period of the project

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Assume an investment costing $24,869 will earn $10,000 a year for 10 years. If the discount rate is 10%, what is the discounted payback period of the project? (Include 1 decimal place, and round to the nearest half-year, e.g., 2.5 or 5.0.)

Reference no: EM133073756

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