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Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $14,000,$12,000,$15,000,$10,000, and $14,000, respectively. What is the

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Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $14,000,$12,000,$15,000,$10,000, 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 3 years or less, will this project be accepted? Yes No

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