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An investment project costs $10,000 and has annual csh flows of $2,910 for 6 years. The firm only accepts projects with paybacks of 2.75 years

An investment project costs $10,000 and has annual csh flows of $2,910 for 6 years. The firm only accepts projects with paybacks of 2.75 years or less. What is the Payback Period and would it be accepted or rejected

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