Question: Project A is a new IT system deployment that'll cost $750,000 with annual savings projected at $375,000. Project B is a fully remote workplace transition

Project A is a new IT system deployment that'll cost $750,000 with annual savings projected at $375,000. Project B is a fully remote workplace transition that'll cost the company $1,600,000 with annual savings estimated at $675,000.What are the payback periods and rates of return for each project, and which project should take the top priority if cash flow is the major concern of the company?

Please show formulas and explain! Thanks

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