Question: Please show step by step work and if theres an easier way on the calculator ahow steps. thank you so much! 1.) NPV and Payback

Please show step by step work and if theres an easier way on the calculator ahow steps. thank you so much!
Please show step by step work and if theres an easier way

1.) NPV and Payback Period: Melinda's Spices, Inc has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 10%. a.) Calculate the payback period for both projects. b.) Calculate the NPV for both projects. c.) Which project, if any, should the company accept

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