Question: A project costs $24,000 initially, and will generate a constant cash flow of $2,000 every year for 16 years. The maximum payback period for your

A project costs $24,000 initially, and will generate a constant cash flow of $2,000 every year for 16 years. The maximum payback period for your company is 8 years.

a. What is the payback period for this project?

b. should ur company accept this project?

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