Question: Compute the discounted payback statistic for Project Cif the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three

Compute the discounted payback statistic for Project Cif the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Time: Cash flow: -$1,100 1 $520 2 $510 3 $550 4 $320 5 $120 Discounted payback period yoans

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