Question: Question 21 5 pts A certain project with the following cash flows has been proposed. The board uses the Payback method and will approve only

Question 21 5 pts A certain project with the following cash flows has been proposed. The board uses the Payback method and will approve only projects that pay back within 3.5 years. Use a discount rate of 8%. Year O Investment 650,000 Year 1 Income 305,000 Year 2 Income 295,000 Year 3 Income 125.000 Year 4 Income 117.333 When will the project pay back (number of years)? Is this a Go or a No Go? When will the project pay back using Discounted Payback? Is it a Go or a No Go? 120t Paragraph I g Avv

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