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Check my work Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects
Check my work Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year Cash Flow A Cash Flow B 0 -$54,000 -$ 99,000 21,500 23,500 28,500 3 23,500 30,500 4 9,500 241,000 1 2 28,400 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) years Project A Project B years Which, if either, project(s) should the company accept
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