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Project Initial Investment ($) Cash Flows Year 1 ($) Cash Flows Year 2 ($) Project A 700,000 300,000 320,000 Project B 750,000 350,000 370,000 Compute



Project

Initial Investment ($)

Cash Flows Year 1 ($)

Cash Flows Year 2 ($)

Project A

700,000

300,000

320,000

Project B

750,000

350,000

370,000

Compute the payback period and net present value (NPV) for each project. 

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