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Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $11,000,$10,000,$15,000,$14,000, and $12,000, respectively. What is the

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Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $11,000,$10,000,$15,000,$14,000, 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 3 years or less, will this project be accepted? No Yes

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