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Cost of financing = 1 2 % . The company's capital rationing policy requires a maximum payback period of three ( 3 ) years. The

Cost of financing =12%.
The company's capital rationing policy requires a maximum payback period of three
(3) years. The company will invest only in the proposals that meet this standard. The
company will invest only $800,000 in new proposals.
Fill in the table below with the computations for the indicated capital budgeting
criteria. Include only the final number (Round to four decimal places).
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