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Billy Bob Bornton would like to open a pizza parlor. Billy Bob has determined that his investment in the parlor will cost $50,000. Furthermore, his

Billy Bob Bornton would like to open a pizza parlor. Billy Bob has determined that his investment in the parlor will cost $50,000. Furthermore, his expected cash inflows over the next three years are $10,000, $30,000, and $20,000, respectively. Billy Bobs cost of capital is 12%. Using the payback period, net present value, profitability index and internal rate of return criterion, determine the viability of the proposal. WRITE AND SHOW YOUR ANSWER AND CALCULATION IN PAPERS NOT EXCEL

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