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Calculate the Pay Back for project K and decide if the firm should accept or reject the project. Cost of Capital is 11% and the

Calculate the Pay Back for project K and decide if the firm should accept or reject the project. Cost of Capital is 11% and the maximum allowable payback is 4 years

Project K
Time 0 1 2 3 4 5
Cash Flow -11,000 3,230 4,120 1,530 3,500 990

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