Question: Consider the following two mutually exclusive projects: YearCash Flow ( A ) Cash Flow ( B ) 0 $ 3 4 8 , 0 0

Consider the following two mutually exclusive projects:
YearCash Flow
(A)Cash Flow
(B)0$348,000$51,000147,00024,200267,00022,200367,00019,7004442,00014,800
Whichever project you choose, if any, you require a return of 14 percent on your investment.
a-1
What is the payback period for each project?

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