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Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if
Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 9 percent and the maximum allowable payback is 4 years. | | Time: Cash flow: | 1 -1,900 250 2 600 3 850 4 700 5 525 46:48 Multiple Choice 0 2.29 years, Reject 0 229 years, Accept 0 3.29 years, Reject 0 3.29 years, Accept
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