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CoursHeroTranscribedText: 13 Saved Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on

CoursHeroTranscribedText: 13 Saved Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively. Time: m Cash flow: -$7, 200 $1, 150 $2, 350 $1, 550 $1, 550 $1, 350 $1 , 150 Use the NPV decision rule to evaluate this project. (Do not round intermediate calculations and round your final answer to 2 decimal places.) NPV Should it be accepted or rejected? O accepted O rejected < Prey. 15 of 16 Next >

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