Question: QUESTION 1 Suppose you are considering a project that will require an initial investment of $215,000. This project is expected to provide cash flows over

 QUESTION 1 Suppose you are considering a project that will require

QUESTION 1 Suppose you are considering a project that will require an initial investment of $215,000. This project is expected to provide cash flows over the next five years as follows: $50,000, $50,000, $50,000, $50,000 and $50,000. What is the payback period? Suppose you are only willing to accept a project where the initial investment is recovered within three years. Should you accept or reject the project

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