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23. Payback and NPV An investment under consideration has a payback of seven years and a cost of $537,000. If the required return is 12

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23. Payback and NPV An investment under consideration has a payback of seven years and a cost of $537,000. If the required return is 12 percent, what is the worst-case NPV? The best-case NPV? Explain. Assume the cash flows are conventional

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