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What is the payback period for each of these projects? Which project will the company choose if it applies the payback period decision rule? (5

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What is the payback period for each of these projects? Which project will the company choose if it applies the payback period decision rule? (5 marks)

1. Parkallen Inc. has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$29,000 -$29,000 1 14,400 4,300 2 12,300 9,800 3 9,200 15,200 4 5,100 16,800

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