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A project has a initial cost of $18,400 and produces 3 cash inflows of $7200, $8900, and $7500 over 3 years. Use both the payback
A project has a initial cost of $18,400 and produces 3 cash inflows of $7200, $8900, and $7500 over 3 years. Use both the payback period and the discounted payback period rules to analyze the project. should we accept I it? If yes under which criterion and what is the minimum number of years we should present so that the project would be accepted
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