What is the project discounted payback period

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Question

A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 13%. What is the project's discounted payback period?

(Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. _________ years.

Reference no: EM133340294

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