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You are evaluating a project with initial investment (at year 0) of $190,000 that is expected to have annual net profits of $19,000 at the

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You are evaluating a project with initial investment (at year 0) of $190,000 that is expected to have annual net profits of $19,000 at the end of each of the next 9 years, starting in year 1. Your firm's cost of capital is 10.00% and their preferred payback period is 6 years or less. Will your firm accept or reject the project if they follow the payback rule? Reject The payback rule cannot be applied in this case. Accept Not enough information

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