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Evaluate a capital investment project for Company F based on the payback period and accounting rate of return (ARR). The project requires an initial investment

Evaluate a capital investment project for Company F based on the payback period and accounting rate of return (ARR). The project requires an initial investment of $800,000 and is expected to generate annual cash flows of $200,000 for the next five years.

Determine the payback period and accounting rate of return (ARR) for the investment project of Company F based on the provided data.

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