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9-14 Compute the traditional payback period (PB) for a project that costs $64,000 if it is expected to generate $16,000 per year for six years?

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9-14 Compute the traditional payback period (PB) for a project that costs $64,000 if it is expected to generate $16,000 per year for six years? If the firm's required rate of return is 12 percent, what is the project's discounted payback period (DPB)? Should the project be purchased

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