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The American Pharmaceutical Company (APC) has a policy that all capital investments must have a three-year or less discounted payback period in order to be

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The American Pharmaceutical Company (APC) has a policy that all capital investments must have a three-year or less discounted payback period in order to be considered for funding. The MARR at APC is 9% per year. Is the above project able to meet this benchmark for funding? Cash Flow -$290,000 $25,000 $45,000 $160,000 $230,000 $330,000 $105,000 End of Year Click the icon to view the interest and annuity table for discrete compounding when the MARR is 9% per year. 6-11 The payback period is years. (Round to the nearest whole number.) n

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