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Your answer: Question 21 (CHAPTER 9) Department manager is ready to invest money into an investment project that pays back within 4 years. The table

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Your answer: Question 21 (CHAPTER 9) Department manager is ready to invest money into an investment project that pays back within 4 years. The table below shows estimated cash flows from a new project: Year Cash flow ($) Year 0 -3,800 In 1 year 1,900 In 2 years 1,000 In 3 years 600 In 4 years 900 The payback period for this project is years. Based on the Payback Period rule to investment valuation, this project should be (a) accepted (b) rejected

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