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Kingston, Inc. has evaluated a project that will cost the company $250,000. The project will provide the following cash flow: Project Year $80,750 1 93,450

Kingston, Inc. has evaluated a project that will cost the company $250,000. The project will provide the following cash flow:

Project Year

$80,750 1

93,450 2

40,235 3

145, 655 4

Will the project be chosen if the companys payback criterion is three years?

explain the answer, please

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