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please explain how go do Part b with steps thank you! 1.) NPV and Payback Period: Melinda's Spices, Inc has the following mutually exclusive projects
please explain how go do Part b with steps 
1.) NPV and Payback Period: Melinda's Spices, Inc has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 10%. a.) Calculate the payback period for both projects. b.) Calculate the NPV for both projects. c.) Which project, if any, should the company accept thank you!
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Authors: Sharon Coleman
1st Edition
B0C9S9CCZJ, 979-8850917258
