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Janina, Incorporated, has the following mutually exclusive projects. Year Project A Project B 0 $ 20,000 $ 23,000 1 12,000 13,000 2 8,500 9,500 3

Janina, Incorporated, has the following mutually exclusive projects.

Year Project A Project B
0 $ 20,000 $ 23,000
1 12,000 13,000
2 8,500 9,500
3 2,900 8,500

Calculate the payback period for each project.

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