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Compute the payback period statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown in
Compute the payback period statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown in the chart if the maximum allowable payback is four years.
Project X
Cash Flow time
-$1,450 0
$250 1
$380 2
$620 3
$1,000 4
$100 5
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