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A&B Enterprises is trying to select the best investment from two alternatives. Cash flows for each alternative are: Initial outlay 94,000 $ 94,000 Year 1

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A&B Enterprises is trying to select the best investment from two alternatives. Cash flows for each alternative are: Initial outlay 94,000 $ 94,000 Year 1 AN Investment A Investment B $14,000 $59,000 $21,000 $57,000 $25,000 $37,000 $70,000 0 $73,000 0 5 For each of the investments, calculate the following (use a 10% discount rate): (a) Payback period (b) Internal rate of return (c) For each method individually, which is the better investment

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