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Find out the payback period (PB) of the following project. If the required payback period is 3 years, will you accept the project? Why? year

Find out the payback period (PB) of the following project. If the required payback period is 3 years, will you accept the project? Why?

year

0

1

2

3

4

5

Cash Flow ($)

-250,000

50,000

40,000

120,000

80,000

45,000

Show your work please!

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