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A company is considering an investment of $23,000. They expect the following, sequential cash flows $12,000, $10,000 and $6,000 over a three year period. The

A company is considering an investment of $23,000. They expect the

following, sequential cash flows $12,000, $10,000 and $6,000 over a three

year period. The company uses a 9% hurdle rate. Considering the discounted

payback method should they invest?

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