Question: Please help me solve and explain step-by-step. I want to understand. Larkspur Inc. has two projects as follows: Project Initial CF CF -2,540 940 -3,090

Please help me solve and explain step-by-step. I want to understand.

Please help me solve and explain step-by-step. I want to understand. Larkspur

Larkspur Inc. has two projects as follows: Project Initial CF CF -2,540 940 -3,090 840 CF2 1,290 1,590 CF3CF4 1,040 1,990 1,140 3,990 Larkspur set 2.6 years as a cut-off period for screening projects and the discount rate is 15 percent. Which project(s) will be selected if the company uses the discounted payback period method? (Round intermediate calculations to 5 decimal places, e.g. 1.25125 and the final answers to 2 decimal places e.g. 1.25.) Project A payback period years Project B payback period years will be selected

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