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5. (22 points) Consider the following two mutually exclusive projects: You require a 15% return on both investments. a. What is the payback period of

image text in transcribed 5. (22 points) Consider the following two mutually exclusive projects: You require a 15% return on both investments. a. What is the payback period of each of the project? b. What is the discounted payback period of each of the project? c. What is the NPV of each of the project? d. What is the profitability index (PI) of each of the project? e. Which project should you choose based on the above information

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