If the discount rate is 15 percent what is the discounted


An investment project costs $21,500 and has annual cash flows of $6,500 for 6 years.

If the discount rate is 15 percent, what is the discounted payback period? Show work.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Financial Management: If the discount rate is 15 percent what is the discounted
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