Question: A project that would require an initial cash outflow of $360,000 at the beginning is expected to produce cash inflows of $70,000 at the end

A project that would require an initial cash outflow of $360,000 at the beginning is expected to produce cash inflows of $70,000 at the end of each of the project's 7 years. Assume the required return is 13% and you were asked to calculate the project's discounted paypack period. What amount would you subtract from the project's initial cash outflow of $360,000 when calculating the amount of the initial cost left to be recovered on a discounted basis at the end of the 1st year?

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