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Business, 05.05.2020 06:32 nick607

Logan Farms is evaluating the feasibility of a new grain elevator. The farm has decided to use the payback period project evaluation method, and requires a payback of 2 years. Given the following cost/cash flow estimates, should the grain elevator be purchased, and why? Initial Cost Period Cash flows $5,000,000 1 2,000,000 2 2,300,000 3 2,600,000 4 1,200,000

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