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Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available Year
Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available Year Cash FlowA Cash Flow B -47,000 18,000 24,200 20,000 6,000 -92,000 20,000 25,000 34,000 248,000 4 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payback period Project A Project B years years Which, if either, project(s) should the company accept? (Click to select)
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