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9 - 1 6 Compute both the traditional payback period ( P B ) and the discounted payback period ( DPB ) for a project

9-16 Compute both the traditional payback period (PB) and the discounted payback period (DPB) for a project that costs $270,000 if it is expected to generate $75,000 per year for five years. The firm's required rate of return is 11 percent. Should the project be purchased? (LO 9-5)
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