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projects under consideration. The cash flows for each project appear in the following table. a. Calculate each project's payback period. Which project is preferred? b.

image text in transcribed projects under consideration. The cash flows for each project appear in the following table. a. Calculate each project's payback period. Which project is preferred? b. Calculate each project's net present value (NPV) assuming a 16% cost of capital. Which project is preferred according to this method? c. Comment on your findings in parts a and b, and recommend the best project

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