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Suppose a company had an initial investment of $ 4 5 , 0 0 0 . The cash flow for the next five years are

Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $10,000,
$12,000,$11,000,$14,000, and $14,000, respectively.
What is the payback period?
(Enter your answer rounded to 2 DECIMAL PLACES)
If the firm accepts projects with payback periods 4 years or less, will this project be accepted? Yes or No?
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