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Netflix Inc. is considering two investment projects: Project A and Project B. Project A requires an initial investment of $1,500,000 and is expected to generate

Netflix Inc. is considering two investment projects: Project A and Project B. Project A requires an initial investment of $1,500,000 and is expected to generate cash flows of $400,000 per year for the next five years. Project B requires an initial investment of $2,000,000 and is expected to generate cash flows of $600,000 per year for the next seven years. Using a discount rate of 10%, calculate the net present value (NPV), internal rate of return (IRR), and payback period for each project. Based on your analysis, recommend the project that Netflix Inc. should undertake.

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