Question: Q2. Each of following mutually exclusive projects involve an initial cash outlay of $240,000. The estimated net cash flows for the projects are: a) Calculate

 Q2. Each of following mutually exclusive projects involve an initial cash

Q2. Each of following mutually exclusive projects involve an initial cash outlay of $240,000. The estimated net cash flows for the projects are: a) Calculate the payback period for both projects. Which project should be chosen? Why? b) The company's required rate of return is 11 percent. Calculate the NPV and IRR for both projects. Which project should be chosen? Why

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