yrkfred6865 yrkfred6865

04-11-2022
Business

Answered

the ball shoe company is considering an investment project that requires an initial investment of $550,000 and returns cash flows of $75,000 per year for 10 years. the firm has a maximum acceptable payback period of eight years. answer the following questions: 1. what is the payback period for this project? 2. should the company accept this project? explain why or why not.

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