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An entrepreneur invests in her dream business of selling golf- carts. She has a discount rate of 10%. The initial investment is $266,174. The entrepreneur

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An entrepreneur invests in her dream business of selling golf- carts. She has a discount rate of 10%. The initial investment is $266,174. The entrepreneur expects to generate an annual after- tax cash flow of $63,349 in running this business. How long before the project will pay back? And should the entrepreneur accept or reject if she has set a payback benchmark of 3 years

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