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THE FOLLOWING DATA APPLY TO THE NEXT SIX PROBLEMS The director of capital budgeting for Glant inc. has Identifled two mutually exclusive projects, L and

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THE FOLLOWING DATA APPLY TO THE NEXT SIX PROBLEMS The director of capital budgeting for Glant inc. has Identifled two mutually exclusive projects, L and S, with the following expected net cash flows: Both projects have a cost of capital of 10 percent. 4. What is the payback period for Project L ? a. 1.60 years

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