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Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. What is

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Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. What is the payback period for each project? (Do not round intermediate calculatic and round your answers to 2 decimal places, e.g., 32.16.)

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