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Elite Apparel Inc. is considering two investment nrniontm min lated net cash flows from each project are as follows: Each project requires an investment of

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Elite Apparel Inc. is considering two investment nrniontm min lated net cash flows from each project are as follows: Each project requires an investment of $294,000. A rate of 15% has been selected for the net present valuel analysis. Present Valu Required: 1a. Compute the cash payback period for each project

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