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Boca Farm's investment project has annual cash inflows of $6,200, $7,300, $8,100, and $9,400 for the next four years, respectively, and a discount rate of
Boca Farm's investment project has annual cash inflows of $6,200, $7,300, $8,100, and $9,400 for the next four years, respectively, and a discount rate of 18 percent. What is the discounted payback period for these cash flows if the initial cost is $9,500? (3 pts) Should the project be accepted or not? Why or why not? (1 pt)
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