Estimated cash flows

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A firm wants to get their money back ASAP on a project. a) If the company's cost of capital is 10%, what is the discounted payback period on the following project: Estimated cash flows: Time 0 (Today) -$24,000 Year 1 $14,000 Year 2 $13,000 Year 3 $15,000 b) If the maximum allowable discounted payback is 1.5 years, should the company accept the project? SHOW ALL WORK FOR FULL CREDIT.

Reference no: EM131087865

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