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Consider the following two investments: Project X Project Y Initial investment $100,000 $100,000 Year 1 cash inflow $50,000 $80,000 Year 2 cash inflow $40,000 $28,000

Consider the following two investments:

Project X Project Y

Initial investment $100,000 $100,000

Year 1 cash inflow $50,000 $80,000

Year 2 cash inflow $40,000 $28,000

Year 3 cash inflow $30,000 $18,000

Ignore time value of money, which project has the shortest payback period?

a. project Y b. project x

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