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Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 1 5 % return on your investment. a -
Consider the following two mutually exclusive projects:
Whichever project you choose, if any, you require a return on your investment.
a What is the payback period for each project? Round the final answers to decimal places.
years
Project B
years
a If you apply the payback criterion, which investment will you choose?
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