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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Project S -$1,000 $550 $600

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 Project S -$1,000 $550 $600 $100 Project L -$2,000 $900 $725 $800 What is the discounted payback period of the better project? WACC=10%

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