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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

image text in transcribed 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 10% per year. Is the above project able to meet this benchmark for funding? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 10% per year. The payback period is years. (Round to the nearest whole number.) More Info 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 10% per year. Is the above project able to meet this benchmark for funding? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 10% per year. The payback period is years. (Round to the nearest whole number.) More Info

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