Question: = Based on the information below, calculate the payback period. (4 points) Show and label your work. Investment $100,000 Required rate of return 11% Depreciation

= Based on the information below, calculate the payback period. (4 points) Show and label your work.
Investment $100,000
Required rate of return 11%
Depreciation method Straight Line
Useful life 5 years
Residual value $5,000
Estimated net cash inflows
per year for five years $15,000
2. Based on your answer in part 1, would you accept or reject this project? Why? (3 points)

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