Mickey Ltd is considering two mutually-exclusive projects with the following details: Assume that the initial investment is

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Mickey Ltd is considering two mutually-exclusive projects with the following details:

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Assume that the initial investment is at the start of the project and the annual cash flows are at the end of each year.
Which project should the company select, if the objective is to minimise the payback period?

A. Project $\mathrm{A}$

B. Project B 

C. Either project $A$ or project $B$, as they have the same payback period 

D. Neither project

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