Question: Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 1 5 % return on your investment. a -

Consider the following two mutually exclusive projects:
Whichever project you choose, if any, you require a 15% return on your investment.
a-1. What is the payback period for each project? (Round the final answers to 2 decimal places.)
years
Project B
years
a-2. If you apply the payback criterion, which investment will you choose?
Consider the following two mutually exclusive projects: Whichever project you choose,

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