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I just need help with Part 3. Problem 13 Intro You are evaluating an investment project costing $11,200 initially. The project will provide $3,000 in
I just need help with Part 3.
Problem 13 Intro You are evaluating an investment project costing $11,200 initially. The project will provide $3,000 in after-tax cash flows in the first year and $5,000 each year thereafter for 4 years. The maximum payback period for your company is 3 years. Your company's cost of capital is 10%. B Attempt 2/10 for 8 pts. Part 1 What is the payback period for this project? 2.64 Part 2 2 | Attempt 1/2 for 8 pts. Should your company accept this project based on the payback period criterion? Yes No Attempt 5/10 for 8 pts. Part 3 What is the discounted payback period for this project? 2+ decimals Submit Part 4 | Attempt 2/2 for 8 pts. Should your company accept this project based on the discounted payback period criterion? Yes NoStep by Step Solution
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