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A firm with an 11% WACC is evaluating two mutually exclusive projects with the following cash flows (in millions); calculate the discounted payback for the

A firm with an 11% WACC is evaluating two mutually exclusive projects with the following cash flows (in millions); calculate the discounted payback for the project that maximizes shareholder value.

t =

0

1

2

3

4

Project X

-700

400

250

250

200

Project Y

-700

100

250

350

450

Group of answer choices

2.75 years

3.24 years

3.40 years

2.88 years

3.08 years

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