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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. Global
Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available.
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 Flow A | Cash Flow B | ||
0 | $ | -49,000 | $ | -94,000 |
1 | 19,000 | 21,000 | ||
2 | 25,400 | 26,000 | ||
3 | 21,000 | 33,000 | ||
4 | 7,000 | 246,000 | ||
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.) |
Project A: ____ Years
Project B: _____ Years
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