Question: The Dry Dock is considering a project with an initial cost of $150,000. The projects cash inflows are $50,000 in year 1, $40,000 in years

The Dry Dock is considering a project with an initial cost of $150,000. The projects cash inflows are $50,000 in year 1, $40,000 in years 2 and 3, and $30,000 in years 4 and 5, respectively. What is the discounted payback period of this project if the discount rate is 5%?

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