Compute the payback statistic for Project X and recommend whether the firm should accept or...
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Compute the payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 10 percent and the maximum allowable payback is three years Time 0 1 2 3 4 5 Cash flow -1000 500 480 300 150
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