Problem 9-4 Calculating Discounted Payback (LO3) An investment project has annual cash inflows of $4,600, $5,500,...

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Problem 9-4 Calculating Discounted Payback (LO3) An investment project has annual cash inflows of $4,600, $5,500, $6,300, and $7,600, and a discount rate of 14%. What is the discounted payback period for these cash flows if the initial cost is $7,200? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Problem 9-4 Calculating Discounted Payback (LO3) An investment project has annual cash inflows of $4,600, $5,500, $6,300, and $7,600, and a discount rate of 14%. What is the discounted payback period for these cash flows if the initial cost is $7,200? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)