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A project has an initial cost of $157,500 and produces cash inflows of $60,300, $72,900, and $85,500 over three years, r

Posted: Mon May 02, 2022 9:47 am
by answerhappygod
A project has an initial cost of $157,500 and produces cash
inflows of $60,300, $72,900, and $85,500 over three years,
respectively. What is the discounted payback period if the required
rate of return is 12 percent? (Please round to three decimal
places).