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You are making an investment of $46,700 into a project. The project will produce cash inflows of $10,000 a year for the first two years
You are making an investment of $46,700 into a project. The project will produce cash inflows of $10,000 a year for the first two years and $12,000 a year for the following three years. What is the payback period? (round to two decimal places) If you are given a payback period cut-off of three years should you accept or reject the investment.
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