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X-treme Vitamin Company is considering two investments, both of which cost $10,000. The cash flows are as follows: Year 1 2 3 Project A $12,000
X-treme Vitamin Company is considering two investments, both of which cost $10,000. The cash flows are as follows: Year 1 2 3 Project A $12,000 8,000 6,000 Project B $10,000 6,000 16,000 Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. a-1. Calculate the payback period for Project A and Project B. (Round your answers to 2 decimal places.) Es Payback Period year(s) Project A Project B 1.00 year(s)
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