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Prepare a capital budget for the Hot New Caf with the net cash flows for this project over a 5-year period. Calculate the payback period

Prepare a capital budget for the Hot New Caf with the net cash flows for this project over a 5-year period. Calculate the payback period (P/B) and the net present value (NPV) for the project. Answer the following questions based on your P/B and NPV calculations: Do you think the project should be accepted? Why? Define and describe Net Present Value (NPV) as it pertains to the new caf. Define payback period. Assume the company has a P/B (payback) policy of not accepting projects with life of over 3 years. Do you think the project should be accepted? Why? Your submitted assignment must include the following: A double-spaced Word document of 12 pages that contains answers to the word questions. You must include a Microsoft Excel spreadsheet for your calculations. Either the Word document or the Excel spreadsheet must have all of your calculation values, your complete calculations, any formulae that you used, the sources you wish to cite, and your answers to the questions listed in the assignment guidelines

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