Question: Kerron Construction, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 14

 Kerron Construction, Inc., has the following mutually exclusive projects available. The

Kerron Construction, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 14 percent. Required: Calculate the payback period for both projects. (Do not round intermediate calculations, Round your answers to 2 decimal places (e.g., 32.16).) Calculate the NPV for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)_.) Which project should the company accept

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