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Consider the investment projects in Table P5.6, all of which have a four-year investment life. (a) What is the payback period of each project? (b)

Consider the investment projects in Table P5.6, all of which have a four-year investment life. (a) What is the payback period of each project? (b) What is the discounted payback period at an interest rate of 15% for each project

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