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Two mutually exclusive projects are under consideration with the details shown. The company's required rate of return for projects of this risk level is 14%.

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Two mutually exclusive projects are under consideration with the details shown. The company's required rate of return for projects of this risk level is 14%. using this information, answer the questions below: Year 0 1 Project A Project B (390,000) (62,000) 60,000 28,000 74,000 26,000 99,000 22,000 414,000 18,600 2 3 4 A) Calculate the payback period for each project. Round to two decimals. Project A Project B B) Based on the result of the payback calculation, which project would you recommend? Answer with the letter A or B only. C) Calculate the Net Present Value for each project. Round to no decimals and do not enter dollar signs or commas. Project A

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