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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 10 percent, and that the maximum allowable payback and discounted payback statistics for your company are 4.0 and 4.5 years, respectively. image text in transcribed

Saved Help Save & Exit Sub: 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 10 percent, and that the maximum allowable payback and discounted payback statistics for your company are 4.0 and 4.5 years, respectively. Time: 10 2 3 4 15 16 Cash Flow $220000 $64000 $81500 $1000 $41200 $52010 $60010 Use the discounted payback decision rule to evaluate the project. Should the project be accepted or rejected? (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3:21

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