Question: A project costs $24,000 initially, and will generate a constant cash flow of $3,000 every year for 10 years. The maximum payback period for your

A project costs $24,000 initially, and will generate a constant cash flow of $3,000 every year for 10 years. The maximum payback period for your company is 5 years

Intro A project costs $24,000 initially, and will generate a constant cash flow of $3,000 every year for 10 years. The maximum payback period for your company is 5 years. Part 1 Attempt 1/10 for 10 pts. What is the payback period for this project? Part 2 Attempt 1/2 for 10 pts. Should your company accept this project? No Yes

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