Carrefour is expecting its new center to generate the following cash flows:

Years	0	1	2	3	4	5
Initial investment	($35,000,000)
Net operating cash flows		$6,000,000	$8,000,000	$16,000,000	$20,000,000	$30,000,000

a. What is the payback period for this new center.

b. Calculate the net present value using a cost of capital of 15 percent. Should the project be accepted?

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