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Suppose that NPV of a project is $12.3 million and the payback period is 5.66 years. The management sets the cutoff for whether to undertake

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Suppose that NPV of a project is $12.3 million and the payback period is 5.66 years. The management sets the cutoff for whether to undertake a project or not is 5 years. Should the company do this project? O "No, because the NPV is positive." "No, because the payback period is longer than the cutoff." "Yes, because the NPV is positive." "Yes, because the payback period is longer than the cutoff

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