Compute both the traditional payback period pb and the, Finance Basics

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Compute both the traditional payback period pb and the

Compute both the traditional payback period (PB) and the discounted payback period (DPB) for a project that costs $270,000 if it is expected to generate $75,000 per year for five years? The firm's required rate of return is 11 percent. Should the project be purchased?

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