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Dons Products, Inc. is considering two independent investments having the following cash flow streams: Dons uses a combination of the net present value approach and

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Dons Products, Inc. is considering two independent investments having the following cash flow streams: Dons uses a combination of the net present value approach and the payback approach to evaluate investment alternatives. It requires that all projects have a positive net present value when cash flows are discounted at 10 percent and that all projects have a payback period no longer than 3 years. Which project or projects should the firm accept? Why

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