Question: PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU! You are planning to open a restaurant in Brickell. Following the initial investment of $1,023,112,

PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU!

PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU! You are

You are planning to open a restaurant in Brickell. Following the initial investment of $1,023,112, the expected cash flows over the next 4 years are as follows. What is the discounted payback period of this project? Assume the discount rate is 3% t Cash Flows 1$441,840 2$298,084 3$392,125 4$395,349 Round your answer to the nearest two decimals 2.87 margin of error +/2%

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