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Please help me to solve this. Payback Period: If a company invests $500,000 for a new project and has set a payback period of 3
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Payback Period: If a company invests $500,000 for a new project and has set a payback period of 3 years, then based on the following cash flows would you accept the project? Why or why not? Based on this info in this problem is there anything else you might consider when evaluating this product besides the payback period?
Year 1: $100,000
Year 2: $125,000
Year 3: $150,000
Year 4: $250,000
Year 5: $300,000
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