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A fishery is considering two projects (A and B). The projects' expected net cash flows are as shown below. The interest rate is 6%. You

A fishery is considering two projects (A and B). The projects' expected net cash flows are as shown below. The interest rate is 6%. You need a payback period of less than two years. The projects are mutually exclusive. What project(s) will you select?

Time

Project A

Project B

0

-275

-275

1

250

$150

2

125

$75

3

-50

$125

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