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please provide a clear and detailed solution Question 1: Calculating Payback McKernan Inc. imposes a payback cut-off of three years for its international investment projects.

please provide a clear and detailed solution
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Question 1: Calculating Payback McKernan Inc. imposes a payback cut-off of three years for its international investment projects. If the company has the following two projects available, should they accept either of them? Assume that the cash flows occur evenly throughout the year

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