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6. Question 6: Proficient: Compute the payback period statistic for Project X and recommend whether the firm should accept or reject the project with the
6. Question 6: Proficient: Compute the payback period statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown in the chart if the maximum allowable payback is four years. Distinguished-level: If the discounted payback period were computed, identify if it would be less than, equal to, or greater than the non-discounted payback period. Project X Time 0 1 2 3 4 5 Cash Flow $1,450 $250 $380 $620 $1,000 $100 (Cornett, Adair, & Nofsinger, 2016)
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