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Use the following information: A project creates incremental cash flows as the following. The cost of capital is 15%. This project costs $2 million. Use
Use the following information: A project creates incremental cash flows as the following. The cost of capital is 15%. This project costs $2 million. Use the NPV approach to determine whether we should accept this project. What is the Payback Period? 3.125 3.5 3.875 4
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