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26. You company is in the process of choosing the better of two equal-risk, mutually exclusive capital expenditure projects- and B. The relevant cash flows

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26. You company is in the process of choosing the better of two equal-risk, mutually exclusive capital expenditure projects- and B. The relevant cash flows for each project are shown in the following table. Assumption: initial investment (CFO) is $15,000 for both projects, the terminal cash flow is 0, and the discount rate is 5% (16 Points). Year Project A $ 4,500 4,500 4,500 4,500 Project B $ 7.000 6,000 3.000 2,000 26.1 Calculate projects' payback period for Project A Round to two decimal points-0.1.25)

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