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5. Truman Industries, Inc. (II) is considering a capital budgeting project. The appropriate discount rate for this project is 4%. The initial cost of the

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5. Truman Industries, Inc. (II) is considering a capital budgeting project. The appropriate discount rate for this project is 4%. The initial cost of the project will be $1,500,000. The project is expected to produce positive after tax cash flows of $440,000 per year for the next 5 years. What are the PI, IRR and regular payback for the project? Should this project be accepted? Why or why not

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