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What is the payback period of this problem, by using the Payback method? show work There are two projects under consideration by the Rainbow factory.

What is the payback period of this problem, by using the Payback method? show work

There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,000 and is expected to generate the following cash flows: The discount rate is 12%

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