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Problem 1 3 - 2 1 NPV ( LG 1 3 - 3 ) Suppose your firm is considering investing in a project with the

Problem 13-21 NPV (LG13-3)
Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively.
\table[[Time:,0,1,2,3,4,5,6],[Cash flow:,-$4,900,$1,220,$2,420,$1,620,$1,620,$1,420,$1,220
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