Question: (help me do this, don't use excel, show me step by step, also with formula) 2010 Inc, imposes a payback cutoff of three years for

  1. (help me do this, don't use excel, show me step by step, also with formula) 2010 Inc, imposes a payback cutoff of three years for its projects. If the company has the following two projects available, should it accept either of them? Assume cash flows occur evenly throughout the years.

Year

Cash Flow (A)

Cash Flow (B)

0

-$25,000

-$52,000

1

20,000

14,000

2

26,000

17,000

3

18,000

11,000

4

6,000

240,000

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