Question: Evaluate two investment projects using the payback period method. Project A requires an initial investment of $50,000,000 and generates annual cash flows of $15,000,000. Project

Evaluate two investment projects using the payback period method. Project A requires an initial investment of $50,000,000 and generates annual cash flows of $15,000,000. Project B requires an initial investment of $70,000,000 and generates annual cash flows of $20,000,000. Determine the payback period for each project.

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