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consider an investment with an initial cost of 20000 dollars and is that expected to last for 5 years the expected cash flow in years

consider an investment with an initial cost of 20000 dollars and is that expected to last for 5 years the expected cash flow in years one and two are $5,000 in years 3 and 4 are 5,500 and in year 5 is 1000 if the firm's manager decides that the cutoff periods for any project should be 3 years. should the project should be accepted based on Payback rules? 1. Yes 2. No

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