Question: =+LG 2 P103 Choosing between two projects with acceptable payback periods Conad, an Italian supermarket chain, is considering two mutually exclusive projects. Each project requires

=+LG 2 P10–3 Choosing between two projects with acceptable payback periods Conad, an Italian supermarket chain, is considering two mutually exclusive projects. Each project requires an initial investment (CF0) of €1,000,000. Francesco Pugliese, the general director of Conad, has set a maximum payback period of 5 years. The net receivable cash inflows associated with each project are shown in the following table.

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