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Should you invest in the kitchen renovation project

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Question - With regards to your calculation on the previous question: "You are looking at renovating your kitchen at a cost of $100,000. The extra cash in-flows produced from this renovation are expected to be $29,000 per year for the next 8 years. What is the project's payback period?"

If you have a set criterion to not invest in projects that will not recover the investment in 3 years, should you invest in the kitchen renovation project? Why or why not?

Reference no: EM133158897

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