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6 points Show your work for credit. Project H requires an initial investment of $100.000 and produces annual cash flows of $50,000, $40,000 and $30,000.

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6 points Show your work for credit. Project H requires an initial investment of $100.000 and produces annual cash flows of $50,000, $40,000 and $30,000. Project T requires an initial investment of $100,000 and the produces annual cash flows of $30,000, $40,000, $50,000 and 800,000. The projects are mutually exclusive. The company accepts projects with payback periods of 3 years or less. A. What are the payback periods for A and B? B. Based strictly on picking the project with the better payback, which would management choose? C. What does this problem point out is an obvious flaw in using the payback method to select projects? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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