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Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. If the company has the following two projects available, should
- Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. If the company has the following two projects available, should it accept either of them?
| Year | Cash Flow (A) | Cash Flow (B) |
| 0 | -RM40,000 | -RM60,000 |
| 1 | 19,000 | 14,000 |
| 2 | 25,000 | 17,000 |
| 3 | 18,000 | 24,000 |
| 4 | 6,000 | 270,000 |
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
