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Each of two mutually exclusive projects involves an investment of $ 75,000. The cash flows for the projects are as follows: Year Project A Project

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Each of two mutually exclusive projects involves an investment of $ 75,000. The cash flows for the projects are as follows: Year Project "A" Project "B" 1 29,000 42,000 2 29,000 42,000 29,000 42,000 4 29,000 Note: Project "A" covers 4 years and project "B" covers 3 years. A. Calculate each project's payback period B. Compute the IRR of each project. 1 point 1 Point

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