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JJs is reviewing a project with a cost of $318,000, and cash inflows of $0, $47,000, $198,000, and $226,000 for Years 1 to 4, respectively.

JJs is reviewing a project with a cost of $318,000, and cash inflows of $0, $47,000, $198,000, and $226,000 for Years 1 to 4, respectively. The required discount rate is 15.5 percent and the required discounted payback period is three years. Should the project be accepted? Why or why not?

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