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Acme Corporation is considering the following independent projects. The required return is 8%. The company is experiencing capital rationing. What decision should they make? Project

Acme Corporation is considering the following independent projects. The required return is 8%. The company is experiencing capital rationing. What decision should they make?

	Project A	Project B
Payback	3.75 years	3.10 years
NPV	$2225	$2000
IRR	13%	15%
PI	1.28	1.25

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