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Suppose your firm is considering investing in a project with the cash flows shown below,...

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Finance

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 11 percent, and that the maximum allowable payback and discounted payback statistics for your company are 3 and 3.5 years, respectively.

Time:012345

Cash flow:$235,000 $65,800 $84,000 $141,000 $122,000 $81,200

Compute payback in Years

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