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A firm is evaluating a proposal which has an initial investment of $35,000 and has cash flows of $10,000 in year 1,$20,000 in year 2
A firm is evaluating a proposal which has an initial investment of $35,000 and has cash flows of $10,000 in year 1,$20,000 in year 2 , and $10,000 in year 3 . What is the payback period of the project? (3 Points) Would you accept the project if your payback requirement is 2 years? (2 Points)
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