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Pendleton Products has a project requiring an initial cash inwestment of $3,400. The project is expected to return $1,100 each period for the next 5

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Pendleton Products has a project requiring an initial cash inwestment of $3,400. The project is expected to return $1,100 each period for the next 5 periods, and it has a discount rate of 6%. 1. Determine how long it will take, if at all, for the project to have a positive payback. Present value formula: Presentvalue=(1+r)pCashreceived,wherer=rateandp=inofperiods. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 2. During which period will there be a positive payback? Pendleton Products has a project requiring an initial cash inwestment of $3,400. The project is expected to return $1,100 each period for the next 5 periods, and it has a discount rate of 6%. 1. Determine how long it will take, if at all, for the project to have a positive payback. Present value formula: Presentvalue=(1+r)pCashreceived,wherer=rateandp=inofperiods. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 2. During which period will there be a positive payback

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