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1.Payback Period and Net Present Value If a project with conventional cash flows has a payback period less than the projects life, can you definitively

1.Payback Period and Net Present Value If a project with conventional cash flows has a payback period less than the projects life, can you definitively state the algebraic sign of the NPV? Why or why not? If you know that the discounted payback period is less than the projects life, what can you say about the NPV? Explain.

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