Exhibit 8-1 The cash flows associated with an investment project are as follows: ...
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Accounting
Exhibit 8-1 The cash flows associated with an investment project are as follows:
| Cash Flows | |
| Initial Outflow | -$50,000 |
| Year 1 | $10,000 |
| Year 2 | $30,000 |
| Year 3 | $30,000 |
| Year 4 | $30,000 |
Refer to Exhibit 8-1. Whats the payback period of the project? If a firms cutoff payback period is 3 years, should it accept the project?
Group of answer choices
2.3 years; accept the project
2.3 years; reject the project
3.2 years; reject the project
3.2 years; accept the project
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