Kara, Incorporated, imposes a payback cutoff of three years for its international investment projects. Assume the company
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Question:
Kara, Incorporated, imposes a payback cutoff of three years for its international investment projects. Assume the company has the
following two projects available.
a What is the payback period for each project?
Note: Do not round intermediate calculations and round your answers to decimal places, eg
b Which, if either, of the projects should the company accept?
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