Project X has a payback period of 3 years and Project Y has a payback...
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Finance
- Project X has a payback period of 3 years and Project Y has a payback period of 4 years. Project Y is independent of Project X. If a firm uses a 5-year cutoff period, then which project would it undertake?
a. Project X only. b. Project Y only.
- Both projects. d. Neither project.
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