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please show all work thank you STC Co. is considering a potential project that requires - $5,000,000, i.e. a cash outflow/spending in year 0 and

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STC Co. is considering a potential project that requires - $5,000,000, i.e. a cash outflow/spending in year 0 and is expected to generate cash inflow of $1,900,000 every year in year 1-4. Help the firm to calculate the project's payback time, and decide whether this project is acceptable. Suppose the max payback they can take is 3 years

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