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Compute the payback period statistic for project

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Reference no: EM133274995

Compute the payback period statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown in the chart if the maximum allowable payback is four years.

Year      Cash Flow

0           -$1,450

1             $250

2             $380

3             $620

4            $1,000

5             $100

Reference no: EM133274995

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