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Need complete with all calculations Q5: CPP Company is considering a new investment proposal with a 15-year useful life. What is the payback period if

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Q5: CPP Company is considering a new investment proposal with a 15-year useful life. What is the payback period if the initial investment is $485,000 with expected after-tax net cash flow of $81,000 and after-tax net income of $49,000 ? $ Should this investment be pursued? a. Calculate the payback period Payback period = b. Should we purchase this investment? Why or Why not

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