What is the discounted payback for this project

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Question - Suppose a company has proposed a new 4-year project. The project has an initial outlay of $66,000 and has expected cash flows of $18,000 in year 1, $22,000 in year 2, $29,000 in year 3, and $35,000 in year 4. The required rate of return is 12% for projects at this company. What is the discounted payback for this project?

Reference no: EM133040529

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