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Neil Corporation has three projects under consideration. The cash flows for each project are shown in the following table. The firm has a 16% cost

Neil Corporation has three projects under consideration. The cash flows for each project are shown in the following table. The firm has a 16% cost of capital

Calculate each projects payback period. Which project is preferred according to this method?

b.Calculate each projects net present value (NPV). Which project is preferred according to this method?

c.Comment on your findings in parts a and b, and recommend the best project. Explain your recommendation.

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