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Category > Business & Finance Posted 02 Aug 2017 My Price 12.00

Creative Solutions, Inc.

Creative Solutions, Inc., has just invested $4,615,300 in new equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover its costs. The company anticipates cash flows of $644,386, $812,178, $943,279, $1,364,997, $2,616,300, and $2,225,375 over the next six years. Does this investment meet the firm’s payback criteria?

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Homework Helper
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Status NEW Posted 02 Aug 2017 04:08 PM My Price 12.00

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