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Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $175,500. Project 2 requires an initial investment of $120,000.

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Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $175,500. Project 2 requires an initial investment of $120,000. (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment. Compute each project's annual net cash flow

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