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Maximum allowable discounted payback period

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Compute the discounted payback statistic if the appropriate cost of capital is 7 percent and maximum allowable discounted payback period is three years

TIME 0 1 2 3 4 5

CASH FLOW -$1,100 $520 $510 $550 $320 $120

Discounted payback period is

Please help with formula

Reference no: EM132203791

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