Question: Emusk Inc. is evaluating two mutually exclusive projects. The required rate of return on these projects is 8%. Calculate the payback period for project B.

 Emusk Inc. is evaluating two mutually exclusive projects. The required rate

Emusk Inc. is evaluating two mutually exclusive projects. The required rate of return on these projects is 8%. Calculate the payback period for project B. (Round to 3 decimals)

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