What is the discounted payback period of this project

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A project is expected to cost $8,000 today and bring in year-end cash flows of: Year 1 $5,000; Year 2 $2,000 Year 3 $4,000. The company has a cost of capital of 10%. Show all work for full credit. a) What is the payback period of this project? b) What is the discounted payback period of this project?

Reference no: EM131188296

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