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2. Nicklaus Corp has the following mutually exclusive projects to consider. They require a payback of four years or less. The payback method is the

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2. Nicklaus Corp has the following mutually exclusive projects to consider. They require a payback of four years or less. The payback method is the only method they will use. Year Project Capulin Cash Flow Project Sierra Cash Flow 2020 -77 million - 120 million 2021 3 million 14 million 2022 26 million 55 million 2023 58 million 40 million 2024 43 million 20 million 2025 17 million 14 million 2026 4 million 32 million Which project should they undertake? A. Both B. Only Capulin C. Only Sierra D. Either one E. None of the above

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