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The Bar-None Manufacturing Company manufactures fence panels used in cattle feedlots throughout the Midwest. Bar-None's management is considering two investment projects for next year but

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The Bar-None Manufacturing Company manufactures fence panels used in cattle feedlots throughout the Midwest. Bar-None's management is considering two investment projects for next year but doesn't want to make any investment that requires more than three years to recover the firm's initial investment. The cash flows for two projects (A and B) are as follows: Required: Determine the payback period, discounted payback period, NPV and the IRR for the above projects. Which project to accept if the project is mutually exclusive

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