Question: If a project costs $130,000 and is expected to return S28.000 annually, how long does it take to recover the initial investment? What would be

If a project costs $130,000 and is expected to return S28.000 annually, how long does it take to recover the initial investment? What would be the discounted payback period at i = 18%? Assume that the cash flows occur continuously throughout the year. The payback period is years. (Round to one decimal place.) The discounted payback period at i = 18% would be years. (Round to one decimal place.)
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