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A project costs $4,000 today, and it has the expected cash flows in the table below. You require to recover your initial investment in 2.5

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A project costs $4,000 today, and it has the expected cash flows in the table below. You require to recover your initial investment in 2.5 years. What is the payback period and would you accept this project? 3.12 years and Accept 3.12 years and Reject 2.35 years and Accept 2.35 years and Reject

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