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A firm is considering the following projects. Its opportunity cost of capital is 9%. Cash Flows, $ Project Time: 0 2 +1,175 +1,700 +1,175 3

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A firm is considering the following projects. Its opportunity cost of capital is 9%. Cash Flows, $ Project Time: 0 2 +1,175 +1,700 +1,175 3 +3,350 +2,350 +3,350 4 -5,700 -1,700 5,700 +1,175 0 +1,175 +3,350 +5,700 a. What is the payback period on each project? Project A Project B Project C What is the discounted payback period on each project? (Round your answers to 2 decimal places. If 3 years 2 years 3 years any of the projects does not pay back on a discounted basis, enter zero ("o").) Project A Project B Project C 0 years years years

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