Question: A company is considering two projects. Project A requires an initial investment of $100,000 and generates cash inflows of $30,000 per year for 4 years.

A company is considering two projects. Project A requires an initial investment of $100,000 and generates cash inflows of $30,000 per year for 4 years. Project B requires an initial investment of $150,000 and generates cash inflows of $50,000 per year for 3 years. Which project has a shorter payback period

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