Question: Please do not answer with excel. Provide formulas and procedure please 3. (5 points) Consider the following two independent investment projects: Cash flows of project

Please do not answer with excel. Provide formulas and procedure please Please do not answer with excel. Provide formulas and procedure please 3.

3. (5 points) Consider the following two independent investment projects: Cash flows of project A : Cash flows of project B : If management only accepts projects that pay back in 3 years or less, according to the discounted payback period rule, which projects will be selected? Use a discount rate of 10%

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