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Payback period, equal cash flows, and depreciation adjustment P1 Information for two alterzative projects involving machinery investments follows. Project 1 requires an initial investment of

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Payback period, equal cash flows, and depreciation adjustment P1 Information for two alterzative projects involving machinery investments follows. Project 1 requires an initial investment of 5140 , ooo. Project 2 requires an initial investment of $90,000. Compute (a) annual net cash flow and (b) payback period for each investment

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