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Compute the Discounted Payback statistic for Project X and recommend whether the firm should accept or reject e project with the cash flows shown below

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Compute the Discounted Payback statistic for Project X and recommend whether the firm should accept or reject e project with the cash flows shown below if the appropriate cost of capital is 11 percent and the maximum allowable iscounted payback is 3 years. A) 3.50 years, reject B) 5.01 years, reject C) 2.50 years, accept D) 3.01 years, reject

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