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Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used a three - year cutoff for projects. The required return

Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used a three-year
cutoff for projects. The required return is 11 percent.
a. Calculate the payback period for both projects.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
b. Calculate the NPV for both projects.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
c. Which project, if any, should the company accept?
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