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The Hamilton Company can purchase equipment on sale for $$400. The asset has a three-year life, will produce a cashflow of $1,200 in the first,

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The Hamilton Company can purchase equipment on sale for $$400. The asset has a three-year life, will produce a cashflow of $1,200 in the first, $1,200 in the second year, and $3,000 in the third year. The interest rate is 12%. Calculate the project's discounted payback and Profitability Index assuming end of year cash flows. Should the project be taken

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