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You are considering a project with an initial cost of $4,300. What is the payback period (PBP) for this project if the cash inflows are

You are considering a project with an initial cost of $4,300. What is the payback period (PBP) for this project if the cash inflows are $550, $1970, $500, and $2600 a year for Years 1 to 4, respectively? If your management decides to accept the project if the payback period is 3 years or less, would you accept inventing in this project?

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