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Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 350,000 $ 50,000 1 45,000 24,000 2 65,000 22,000

Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 350,000 $ 50,000 1 45,000 24,000 2 65,000 22,000 3 65,000 19,500 4 440,000 14,600 Whichever project you choose, if any, you require a 15% return on your investment. a-1. What is the payback period for each project? (Round the final answers to

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