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Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this
Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 35 and 4.5 years, respectively, Time: Cash flow : 4 $1,600 5 $1,480 -$5,180 3 $1,689 6 $1,280 $1,280 $2,480 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Payback years
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