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Comparing payback period and discounted payback period. Nielsen, Inc. is switching from the payback period to the discounted payback period for small-dollar projects. The cutoff

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Comparing payback period and discounted payback period. Nielsen, Inc. is switching from the payback period to the discounted payback period for small-dollar projects. The cutoff period will remain at three years. Given the following four projects' cash flows and using a discount rate of 10%, determine which projects it would have accepted under the payback period and which it will now reject under the discounted payback period Cash Flow Initial Cost Year 1 Year 2 Year 3 Project 1 $13,000 $5,333 $5,333 $5,333 Project 2 $16,000 $8,000 $6,500 $5,000 Project 3 $9,000 $3,000 $3,500 $4,000 Project 4 $24,000 $10,000 $16,000 Which projects that would have been accepted under payback period method will now be rejected under the discounted payback period method? (Select the best response.) 0 A, Project 2, project 4 O B. Project 3, project 4 C. Project 1, project 4 0 D. None of them

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