Project L has a cost of $28,000. Its expected net cash inflows are $40,000 per...

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Finance

Project L has a cost of $28,000. Its expected net cash inflows are $40,000 per year for 8 years. What is the project's payback period? If the cost of capital is 8%, what are the project's net present value (NPV) and profitability index (PI)? What is the project's internal rate of return? (IRR)?

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