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step by step no excel only formula An investment...

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step by step no excel only formula

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An investment project has annual cash inflows of Year Cash Flow 0 -135,000 1 33,000 2 32,000 3 31,000 4 30,000 5 15,000 6 7,000 7 The Discount Rate is 3%. What is the discounted payback period for these cash flows if the initial cost is $135,000? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) 3,000

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