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Remaining Time: 49 minutes, 43 seconds. Question Completion Status: A Moving to another question will save this response Question 1 of 30 Question 21 1.5

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Remaining Time: 49 minutes, 43 seconds. Question Completion Status: A Moving to another question will save this response Question 1 of 30 Question 21 1.5 points SoveAnse Badr & Sons, is evaluating 2 (TWO) mutually exclusive investment projects. INITIAL CAPITAL OUTLAY for both projects are as stated in Year The company's REQUIRED RATE OF RETURN IS 10.50% and sets 2.5 YEARS AS ITS MINIMUM (DESIRED) PAYBACK PERIOD. Information about cash flows from the project for the next four years is tabulated below: YEAR PROJECT ALPHA PROJECT BETA 0 SR -185.000 SR -145,000 1 45,000 41.000 2 75,000 45.000 3 55,000 55,000 66,000 70,000 What is PAYBACK PERIOD for PROJECT ALPHA ONLY

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