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Question 10 (1 point) You are considering a $300,000 investment with the following cash flows: Year 1 $40,000, Year 2 $200,000, Year 3 $45,000, Year

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Question 10 (1 point) You are considering a $300,000 investment with the following cash flows: Year 1 $40,000, Year 2 $200,000, Year 3 $45,000, Year 4 $45,000, Year 5 $45,000, and Year 6 $15,000. The equipment has an expected resale (salvage) value of $30,000 at the end of 6 year. The company has a hurdle rate of 13% for all investments. What is the payback period for this investment? AND, assuming a company policy of a 4 year payback, would you accept or reject this investment

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