A project has the following cash flows. Should the company accept this project based on...
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Finance
A project has the following cash flows. Should the company accept this project based on the Payback Period if the firm requires a payback of 3.0 years?
Year Cash Flow
0 -$28,000
1 11,600
2 11,600
3 6,500
4 6,500
| Yes, because the Payback Period is 3.33 years |
| Yes, because the Payback Period is 2.74 years |
| No, because the Payback Period is 2.74 years |
| Yes, because the Payback Period is 2.49 years |
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