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You are the CFO of EV Scooters in Detroit. You are considering two new products, the Flyer One or the Dash One. Both products require

You are the CFO of EV Scooters in Detroit. You are considering two new products, the Flyer One or the Dash One. Both products require some upfront costs and have projected cash flows for 3 years as noted below. Using a discount rate of 9%, please determine which of the two products should be undertaken using the Payback rule, NPV, IRR, and Incremental IRR if necessary. (10pt) Year Flyer Dash 0 $(1,994,000) $(772,200) 1 $1,166,400 $410,400 2 $907,200 $677,160 3 $939,600 $427,680 Discount rate = 7%

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