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If your company is investing in a new project that costs $57,000, is expected to pay $14,600 per year for the next nine years in
If your company is investing in a new project that costs $57,000, is expected to pay $14,600 per year for the next nine years in cash flows, and has a cost to fund all projects (borrowing rate) of 11.450%, which of the following is correct if the company's decision criteria for payback period is 4.650 years? Multiple Choice The payback period is 5.44 years and the company should accept the project The payback period is 5.44 years and the company should reject the project The payback period is 3.9 years and the company should reject the project The payback period is 3.9 years and the company should accept the project
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