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Payback period Jordan Enterprises is considering a capital expenditure that requires an initial investment of 42000 and returns after tax cash inflows of 7000 per year for 10 years The firm has

Payback period Jordan Enterprises is considering a capital expenditure that requires an initial investment of $42,000 and returns after-tax cash inflows of $7,000 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? Why or why not?

Jun 03 2021 View more View Less

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