Question 19 The Biden and Harris company is considering adding toys to their gift shop....
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Question 19 The Biden and Harris company is considering adding toys to their gift shop. They estimate the cost of new inventory will be $9,000 and remodeling expenses will be $1,000. Toy sales are expected to produce net cash inflows of $1,300, $4.900, $4,400, and $4,100 over the next four years, respectively. Should Alicia add toys to her store if she assigns a 3-year payback period to this project? Why or why not? O Yes; The payback period is 3.94 years. No; The payback period is 3.09 years. O No; The payback period is 2.86 years. Yes; The payback period is 3.09 years. O Yes; The payback period is 2.86 years
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