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Suppose a company had an initial investment of $40,000. The cash flow for the next...

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Finance

Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000, $16,000, $17,000, $19,000, and $17,000, respectively. The interest rate is 11%. Enter your answer rounded to 2 DECIMAL PLACES.

What is the discounted payback period?

If the firm requires a discounted payback periods 3 years or less, will the project be accepted? Yes or No

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