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Problem 4 is about discounted payback. Spitfire Aircraft Corporation has an investment policy that requires acceptable projects to recover all costs within 3 years. The

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Problem 4 is about discounted payback. Spitfire Aircraft Corporation has an investment policy that requires acceptable projects to recover all costs within 3 years. The corporation uses the discounted payback method to assess potential projects and uses a WACC of 10%. The cash flows for the 2 independent projects are: In which investment project(s) should the firm invest

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