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Suppone a company had an initial investment of $45,000. The cash flow for the next five years aro $10,000, 520,000, 518,000. $19,000, and $18,000, respectively.

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Suppone a company had an initial investment of $45,000. The cash flow for the next five years aro $10,000, 520,000, 518,000. $19,000, and $18,000, respectively. The interest rate is 11%. Enter your answer rounded to 2 DECIMAL PLACES, What is the discounted payback period? Number of the firm requires a discounted payback periods 3 years or less, will the project be accepted? Yes No

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