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Black Friday Inc. has estimated the following cash flows for a project it is considering: Period 10 1 2 3 Cash Flow ($150,000) $70,000 $80,000

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Black Friday Inc. has estimated the following cash flows for a project it is considering: Period 10 1 2 3 Cash Flow ($150,000) $70,000 $80,000 ($100,0000) a) What is the payback period for this project? b) What is the obvious problem with using the payback method in this case

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