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Consider the following cash flows of two mutually exclusive projects for A-Z Motorcars. Assume the discount rate for both projects is 8 percent. AZM AZF
Consider the following cash flows of two mutually exclusive projects for A-Z Motorcars. Assume the discount rate for both projects is 8 percent. AZM AZF Year Mini-SUV Full-SUV 0 -$480,000 -$830,000 1 326,000 356,000 2 192,000 432,000 3 156,000 296,000 a. 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.) AZM Mini-SUV Payback period 1.80 years 1.14 years AZF Full-SUV
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