Question: please solve question 15 1 15. The Long-Line is considering mutually exclusive investments. Each investment is expected to cost $220,000 Assume 20 percent discount rate.

please solve question 15
please solve question 15 1 15. The Long-Line is considering mutually exclusive

1 15. The Long-Line is considering mutually exclusive investments. Each investment is expected to cost $220,000 Assume 20 percent discount rate. The cash flows are as follows: Year Chemical Co Water Co. $10,000 $95.000 $36,000 $95,000 $40,000 $92,000 $75,000 $85.000 $90,000 $50,000 $90,000 $35,000 $90,000 $25,000 As a manager of the firm considering the above projects, what should you do under the Payback Period and why? (6 points) 3 4 JON 7

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