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The clothing manufacturer, Twisted Pair, is considering introducing a line of pants made entirely from hemp. The project costs $ 4 . 6 million and

The clothing manufacturer, Twisted Pair, is considering introducing a line of pants made entirely from hemp. The project costs $4.6 million and will generate cash flows of $1 million for 5 years. What is the payback period? If the interest rate is 0.3% per month, what is the projects NPV? Should the project be accepted? Why or why not?

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