Question: Microsoft is considering two investment projects: Project G and Project H. The following data is available: Project Initial Investment ($) Annual Cash Flows ($) Project

Microsoft is considering two investment projects: Project G and Project H. The following data is available:

Project

Initial Investment ($)

Annual Cash Flows ($)

Project Lifespan (Years)

G

$2,000,000

$400,000

5

H

$1,500,000

$350,000

6

Calculate the payback period for each project.

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