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ABC Inc. is looking at investing in a 3-year project that will create cash inflows of $7000 in the first year, $8000 in the second

ABC Inc. is looking at investing in a 3-year project that will create cash inflows of $7000 in the first year, $8000 in the second year, and $9000 in the third year. The cost of this project is $18000, and the required return is 12%. What is the net present value of this project and the payback period on this project? Answer is $1033.57 and 2.33 years. Need FULL SOLUTIONS THANK YOU. If using the discounted payback period rule and a cutoff point of 2.5 years, should the company invest in this project? Need FULL SOLUTIONS THANK YOU

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