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Kara, Incorporated, imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. a .

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 2 decimal places, e.g.,32.16.
b. Which, if either, of the projects should the company accept?
2 decimal places required.
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