Question: please solve using discounted payback period method only! 6. Suppose you are evaluating two mutually exclusive projects, Thing 1 and Thing 2, with the following
6. Suppose you are evaluating two mutually exclusive projects, Thing 1 and Thing 2, with the following cash flows: Year 2000 2001 2002 2003 2004 End-of-year cash flows Thing 1 Thing 2 -$10,000 -$10,000 10 IND 0 Phappro 3,293 3,293 3,293 3,293 0 14,641 (a) If the cost of capital on both projects is 5%, which project, if any, would you choose? Why
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