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Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 420,000 $ 92,000 1 114,000 52,000 2 79,000 36,000

Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 420,000 $ 92,000 1 114,000 52,000 2 79,000 36,000 3 79,000 33,500 4 474,000 28,600 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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