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Consider an investment that costs $110,000 and has a cash inflow of $50,000 every year for 3 years. The required return is 10%, and the

Consider an investment that costs $110,000 and has a cash inflow of $50,000 every year for 3 years. The required return is 10%, and the required payback is 2 years. What is the payback period? Would you accept the project based on its payback period? Why

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