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 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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