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Compute the payback period statistic for project x

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Reference no: EM132924678

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
Payback period = [Answer here]

Reference no: EM132924678

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