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You are considering a project with an initial cost of $6400. What is the payback for his project if the cash inflows are $900,$1,350, $2,800,

You are considering a project with an initial cost of $6400. What is the payback for his project if the cash inflows are $900,$1,350, $2,800, and 1,500 a year over the next 4 years respectively? Should you take the project if you assigns a three year pay back period to his project ? Why or why not?

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