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A firm has a WACC of 9% and is deciding between two mutually exclusive projects. Project A requires an initial investment of $63. The additional

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A firm has a WACC of 9% and is deciding between two mutually exclusive projects. Project A requires an initial investment of $63. The additional cash inflows for project A are projected to be: year 1 = $20, year 2 = $35, year 3 = $49. Project B requires an initial investment of $73. The cash inflows for project B are projected to be: year 1 = $58, year 2 = $48, year 3 = $35. Calculate the payback and NPV for each project. (Show all answers to 2 decimals) Payback for A: Payback for B: NPV for A: NPV for B

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