Question: What is the discounted payback period using the given discount rate and the cumulative cash flow in the payback period (must get both correct for

What is the discounted payback period using the given discount rate and the cumulative cash flow in the payback period (must get both correct for full credit) of the investment and annual cash flow given below?

Discount Rate Investment Annual Income Cash Flow Useful Life
6% 67,000 12,800 12

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