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Question 7 1 pts Paradise New Jersey Hotel proposed two mutually exclusive capital projects. Option A has 3.1 years of payback period and Option B

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Question 7 1 pts Paradise New Jersey Hotel proposed two mutually exclusive capital projects. Option A has 3.1 years of payback period and Option B has 4.5 years. If both projects have equivalent NPVs, which option does the owner of the hotel need to accept? Neither one because NPVs for both projects are equivalent. Option B because it has longer payback period Both projects because NPVs for both projects are equivalent. Option A because it has shorter payback period

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