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Jordan Enterprises is considering a capital expenditure that requires an initial investment of ?$57,000 and returns? after-tax cash inflows of ?$9,162 per year for 10 years. The firm has a maximum acceptable payback period of 8 years.

a. Determine the payback period for this project.

b. Should the company accept the? project?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92406295

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