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(Solution Library) Payback period. Jordan Enterprises is considering a capital expenditure that requires an initial investment of $42,000 and returns after-tax

Question: 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.

  1. Determine the payback period for this project.
  2. Should the company accept the project? Why or why not?

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