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A clinic is considering the possibility of two new purchases: new MRI and Biopsy equipment. Each project requires a $425,000 investment. The expected life for

A clinic is considering the possibility of two new purchases: new MRI and Biopsy equipment. Each project requires a $425,000 investment. The expected life for each is five years with no sal age value. The net cash inflows are as followed

What is the payback period for Biopsy equipment?

What is the accounting rate of return for each project?

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