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A firm has a WACC of 11% and is deciding between two mutually exclusive projects. Project A has an initial investment of $61. The additional

A firm has a WACC of 11% and is deciding between two mutually exclusive projects. Project A has an initial investment of $61. The additional cash flows for project A are: year 1 = $15, year 2 = $37, year 3 = $67. Project B has an initial investment of $73.The cash flows for project B are: year 1 = $56, year 2 = $42, year 3 = $21. Calculate the payback and NPV for each project. (Show all answers to 2 decimals)

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