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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. Year 0
Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year 0 Cash Flow A Cash Flow B $64,000 $109,000 26,500 28,500 34,400 33,500 28,500 25,500 14,500 231,000 Nm What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) years Project A Project B years Which, if either, project(s) should the company accept
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