Marshall Brothers, LLC is considering a capital expenditure that requires an initial investment of $49,000...
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Accounting
Marshall Brothers, LLC is considering a capital expenditure that requires an initial investment of $49,000 and returns after-tax cash inflows of $9,456 per year for 10 years. The firm has a maximum acceptable payback period of 8 years.
a. Determine the payback period for this project. b. Should the company accept the project? Why?
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