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Mendez Company is considering a capital project that costs $16,000. The project will deliver the...

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Accounting

Mendez Company is considering a capital project that costs $16,000. The project will deliver the following

year 1 year 2 year 3 year 4 year 5
8,000 6,000 5,000 6,000 5,000

Using the incremental approach, the payback period for the investment is: a-5 years. b-2 years. c-2.4 years. d-1.66 years.

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