Question: The cash flows for project Z are C 0 = -2,000; C 1 = 1,120; C 2 = 1,800; and C 3 = 4,000, and

  1. The cash flows for project Z are C0 = -2,000; C1 = 1,120; C2 = 1,800; and C3 = 4,000, and a discount rate of 40 percent.

Required: Calculate the discounted payback period for the project

Answer: Show your work

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