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A project is being analyzed. The cost of capital is estimated to be 15%. The maximum allowable PB is 5 years and the maximum allowable

A project is being analyzed. The cost of capital is estimated to be 15%. The maximum allowable PB is 5 years and the maximum allowable DPB is 4.5 years. The following capital budgeting criteria have been estimated for the project: PB = 3.4 years, DPB = 2.90 years, NPV = $754,000, PI = 1.35, and IRR = 18.25%. Select the correct decision rule. Group of answer choices Accept because NPV < 0 Accept becouse IRR > 15% Reject because DPB < 4,5 years Reject because PI > 1

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