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help U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are
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U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.)Step by Step Solution
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