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Calculate the payback period of each house flip.

Assume the company has unlimited funds and will pursue any project with a payback period of less than five years. Which house$($s$)$ should the company pursue?

Now assume the company has a limited amount to invest but no internal payback period requirements, and must decide between Cantrell and Fuller. Which house should they select based on the payback period analysis?

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Calculate the payback period of each house flip.

Note: Enter your answers rounded to two decimal places.