Question: Compute the discounted payback period for a project with a $100 initial cost and the following cash flows received: year 1the project will have

Compute the discounted payback period for a project with a $100 initial 

Compute the discounted payback period for a project with a $100 initial cost and the following cash flows received: year 1the project will have $40 cash flow, year 2 they received $50, and in year 3 they received $60. The required return is 8%.

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