Question: Given below are cash flows of two mutually exclusive projects, Project MXX and Project WJJ. Both these projects have an initial investment of $12,000. Find

 Given below are cash flows of two mutually exclusive projects, Project

Given below are cash flows of two mutually exclusive projects, Project MXX and Project WJJ. Both these projects have an initial investment of $12,000. Find the payback period of Project MXX and WJJ Show all steps clearly Cash flows Project MXX Project WJJ Year 1 $7,200 $5,500 Year 2 6,100 $6,500 Year 3 5,400 $7,500 7 A B

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