Question: The information below describes a project with an initial cash outlay of $7,000 and a required return of 12%. After-tax cash inflow Year 1 $6,000

The information below describes a project with an initial cash outlay of $7,000 and a required return of 12%.

After-tax cash inflow

Year 1 $6,000
Year 2 $2,000
Year 3 $2,000
Year 4 $2,000

the discounted payback period of the project is:

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