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3. Assume you have only $20,000 to investment and must choose between the two investments below. Analyze each investment using payback period and net present
3. Assume you have only $20,000 to investment and must choose between the two investments below. Analyze each investment using payback period and net present value methods assuming an 8 percent cost of capital (discount rate). Clearly label the results for each and indicate which investment would be preferred using that method. Also, what is the internal rate of return for each investment
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