Question: 5. A fimm must choose between two projects below, Jet and Shark. Cash flows are shown in millions of dollars. The discount rate for each
5. A fimm must choose between two projects below, Jet and Shark. Cash flows are shown in millions of dollars. The discount rate for each project is 10%. Project Jet: Year: Cash Flow: 3 0 -3.000 1 1,300 2 1,400 1,500 Project Shark: Year: Cash Flow: 0 -2,200 1 1,400 2 1,600 a. Find the Payback period for each project. (4 points) b. Compute the Net Present Value of each project. (4 points)
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