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Problem 15 Intro You are evaluating an investment project costing $17,000 initially. The project will provide $3,000 in after-tax cash flows in the first year,
Problem 15 Intro You are evaluating an investment project costing $17,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, $4,000 in the second year and $5,000 each year thereafter for 10 years. The maximum payback period for your company is 5 years. Attempt 1/5 for 10 pts. B Part 1 What is the payback period for this project? No decimals Submit Part 2 Attempt 1/5 for 10 pts. Should your company accept this project? Yes O No Submit
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