Question: IBM is considering two investment projects: Project C and Project D. The following data is available: Project Initial Investment ($) Annual Cash Flows ($) Project

IBM is considering two investment projects: Project C and Project D. The following data is available:

Project

Initial Investment ($)

Annual Cash Flows ($)

Project Lifespan (Years)

C

$1,800,000

$360,000

5

D

$1,200,000

$300,000

6

Calculate the payback period for each project.

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