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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $11,000, $15,000, $12,000, $12,000, and $12,000, respectively.
- Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $11,000, $15,000, $12,000, $12,000, and $12,000, respectively. What is the payback period?(Enter your answer rounded to 2 DECIMAL PLACES)
If the firm accepts projects with payback periods of less than 3 years, will this project be accepted? Yes or no.
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
