An investment project has annual cash inflows

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An investment project has annual cash inflows of $8,600, $8,300, $8,700, and $7,300, and a discount rate of 11 percent. If the initial cost is $21,900, the discounted payback period for these cash flows is  years. (Round your answer to 2 decimal places (e.g., 32.16))

Reference no: EM13727399

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