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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 2.5 and 3.5 years, respectively.
Time: 0123456
Cash flow: $ 4,600 $ 1,160 $ 2,360 $ 1,560 $ 1,560 $ 1,360 $ 1,160
Use the payback decision rule to evaluate this project.

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