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An investment project has annual cash inflows of 6 400 6 900

An investment project has annual cash inflows of $6,400, $6,900, $7,300, and $6,100, and a discount rate of 12 percent. What is the discounted payback period for these cash flows if the initial cost is $8,000? What if the initial cost is $13,000? What if it is $18,000?

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