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Assume that a firm is considering two investment projects. Each project requires an investment of $1,000. The opportunity cost of capital (interest rate) is 10

Assume that a firm is considering two investment projects. Each project requires an investment of $1,000. The opportunity cost of capital (interest rate) is 10 percent. The after-tax cash flows from investment A and B are shown in Table 1. What is the payback period of each project

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