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the company, has set a maximum payback period of 4 years. The after-tax cash inflows associated with each project are shown in the following table:

image text in transcribedimage text in transcribed the company, has set a maximum payback period of 4 years. The after-tax cash inflows associated with each project are shown in the following table: a. Determine the payback period of each project. b. Because they are mutually exclusive, Shell must choose one. Which should the company invest in? a. The payback period of project A is years. (Round to two decimal places.) The payback period of project B is years. (Round to two decimal places.) b. Because they are mutually exclusive, Shell must choose one. Using the payback period, which project should the company invest in? (Select the best answer below.) Project B would be preferred over project A because the larger cash flows are in the early years of the project. Project A would be preferred over project B because the larger cash flows are in the later years of the project. s years. (Round to two decimal places.) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)

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