A project has an initial cost of $40,000, expected net cashinflows of $9,000 per year for 7 years, and a cost of capital of11%. What is the project's discounted payback period?(Hint: Begin by constructing a time line.) Do notround intermediate calculations. Round your answer to two decimalplaces.
years
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capita
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