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B 2 years. C) Between 1 and 2 years. D) Between 2 and 3 years. 24) A firm is evaluating a proposal which has an

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B 2 years. C) Between 1 and 2 years. D) Between 2 and 3 years. 24) A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback period of the project is (4 point) A) 1.5 years. B) 2 years. C) 3.3 years. D) 4 years. 25) Promo Pak has compiled the following financial data: (5 point) Cost 5.0% 14.0 Market Value Source of Capital Long-term debt Preferred stock Book Value $10,000,000 $8,500,000 1,000,000 1,500,000

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