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A convenience store owner is contemplating buying a hot dog roller grill, which costs $3,000. It is expected to bring in an additional cash flow

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A convenience store owner is contemplating buying a hot dog roller grill, which costs $3,000. It is expected to bring in an additional cash flow of $800 per year for the next five years. Which of the following statements is true if she uses the payback rule to make the investment decision, with the desired time to payback being 3 years or less? The project should be rejected since the payback period is 3.25 years. O The project should be rejected since the payback period is 3.75 years. The project should be accepted since the payback period is 3 years. The project should be rejected since the payback period is 4.25 years

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