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Abraxas Electronics bought a new machine for $5 million. This is expected to result in additional cash flows of $1.2 million over the next seven years. What is the payback period for this project? If their acceptance period is 5 years, will this project be accepted?

a. 4.17 years; yes

b. 4.17 years; no

c. 3.83 years, yes

d. 3.83 years; no

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