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  3. proposals a and b each cost $500,000 and have 5-ye

Proposals A and B each cost $500,000 and have 5-year lives. Proposal A is expected...

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Accounting

Proposals A and B each cost $500,000 and have 5-year lives. Proposal A is expected to provide equal annual net cash flows of $109,000, while the net cash flows for Proposal B are as follows: Determine the cash payback period for each proposal.

Round your answers to two decimal places, if necessary.

Proposal A: _____years

Proposal B: ____years

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