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Afirm with a 10.5% WACC is evaluating two mutually exclusive projects with the following cash flows (in millions calculate the discounted payback for the project

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Afirm with a 10.5% 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 - 1.100 550 450 200 250 Project -1.100 250 400 450 450 002 years 03.35 years 30 year 3.66 years 0 341 years

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