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An investment project has annual cash inflows of $7,900, $8,800, $7,700, and $8,000, and a discount rate of 10 percent.
Required:
What is the discounted payback period for these cash flows if the initial cost is $23,518? (Do not round your intermediate calculations.)
Multiple Choice
4.35 years
3.6 years
3.78 years
3.42 years
3.35 years
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