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need expert asap Binder Corp. has invested in new machinery at a cost of $1,250,000. This investment is expected to produce cash flows of $610,000,$735,160,$834,560,
need expert asap
Binder Corp. has invested in new machinery at a cost of $1,250,000. This investment is expected to produce cash flows of $610,000,$735,160,$834,560, and $924,500 over the next four years. What is the payback period for this project? If its acceptant period is 2.5 years, will this project be accepted? (Round your answer to two decimal places.) 3.23 years; yes it will be accepted 3.23 years; no it will not be accepted 1.87 years; yes it will be accepted 1.87 years; no it will not be accepted Step by Step Solution
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