Question: Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a return of 13% on your investment. (a) If you

 Consider the following two mutually exclusive projects: Whichever project you choose,

Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a return of 13% on your investment. (a) If you apply the payback period criterion, which investment will you choose? Why? (b) If you apply the NPV criterion, which investment will you choose? Why

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