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Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$364,000 46,000 68,000 68,000 458,000 Cash Flow (B) -$

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Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$364,000 46,000 68,000 68,000 458,000 Cash Flow (B) -$ 52,000 25,000 22,000 21,500 17,500 Whichever project you choose, if any, you require a return of 11 percent on your investment. b-1. What is the discounted payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Discounted payback period Years Project A Project B Years b-2. If you apply the discounted payback criterion, which investment will you choose? O Project A O Project B

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