Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0...
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Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$350,000 45,000 -$50,000 2 24,000 22,000 3 4 65,000 65,000 440,000 19,500 14,600 Page 334 Whichever project you choose, if any, you require a 15% return on your investment. a. If you apply the payback criterion, which investment will you choose? Why
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