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Chapter 9: Capital Budgeting - Net Present Value and Other Investment Criteria 3. Calculating Payback (LO2) McKernan Inc. imposes a payback cutoff of three years

Chapter 9: Capital Budgeting - Net Present Value and Other Investment Criteria

3. Calculating Payback (LO2) McKernan Inc. imposes a payback cutoff of three years

for its international investment projects. If the company has the following two projects

available, should they accept either of them?

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