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A project has the following: NPV $ 4,998.13 IRR 13.91% Profitability Index 1.17 Payback Period 3.92 years Would the payback method be a good approach?

A project has the following:

NPV $ 4,998.13

IRR 13.91%

Profitability Index 1.17

Payback Period 3.92 years

Would the payback method be a good approach? Based on the above, what is your overall recommendation?

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