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Business, 07.11.2019 22:31 sarah1tice

Carmen electronics bought new machinery for $4.5 million. this is expected to result in additional cash flows of $1.2 million over the next seven years. the firm's cost of capital is 12 percent . what is the discounted payback period for this project? if the firm's acceptance period is five years, will this project be accepted ? (do not round intermediate computations . round your answer to one decimal place.)

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