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Problems All problems are available in MyFinanceLab P10-1 Payback pariod Jordan Enterprises is considering a capital expenditure that requires G2 an initial investment of $42,000

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Problems All problems are available in MyFinanceLab P10-1 Payback pariod Jordan Enterprises is considering a capital expenditure that requires G2 an initial investment of $42,000 and retums afer-tax cash inflows of $7,000 per year for 10 years. The fim has a maximum acceptable payback period of 8 years. a. Determine the payback period for this project . Should the company accept the project? Why or why not

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