Question: Bright Future Inc. is evaluating a project with an initial investment of $200,000. The expected cash flows are $50,000 per year for the next six

Bright Future Inc. is evaluating a project with an initial investment of $200,000. The expected cash flows are $50,000 per year for the next six years. Calculate the payback period for the project. If the company requires a payback period of no more than five years to accept the project, should they undertake it?

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