A project has the following cash flows: Year Cash Flow0 -$4,2001 1,9002 1,8003 1,6004 500 a) Calculate
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Question:
A project has the following cash flows: Year Cash Flow0
-$4,2001
1,9002
1,8003
1,6004
500
a) Calculate the payback period of the project. b) If the cutoff period is three years, should this project be accepted? Why or why not?
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