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Suppose your firm is considering investing in a project with the cashows shown below that the required rate of return on projects of the risk

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Suppose your firm is considering investing in a project with the cashows shown below that the required rate of return on projects of the risk ass is 12 percent and that the maximum allowablet payback and discounted payback state for the project are 2 and 3 years, respectively Time 1 2 420 620 Use the payback decision rule to evaluate this project, should it be accepted or rejected? 0 , years, accept 4.00 years, reject 1.79 years, accept 261 years, reject

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