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Posted on Sep 05, 2024

Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $12,000, $14,000, $13,000, $15,000, and $15,000, respectively.

What is the payback period? (Enter your answer rounded to 2 DECIMAL PLACES)

If the firm accepts projects with payback periods 3 years or less, will this project be accepted?

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